Japan’s SMFG issues new shares worth $23.89m

The move is part of its stock compensation plans.

Sumitomo Mitsui Financial Group (SMFG) issued 341,902 new shares on 5 July.

The shares are classified as common stock. They were issued at JPY11,245 per share, with the total issue price being over JPY3.84b.

Allottees include 4 directors of SMFG, at 18,079 shares; 13 corporate executive officers, at 18,902 shares; 45 executive officers, at 42,820 shares; 23 directors of SMFG’s subsidiaries, with 39,118 shares; and 188 executive officers of SMFG’s subsidiaries, at 222,983 shares.

The move is part of SMFG’s stock compensation plans, under its executive compensation programme. 

(US$1 = JPY160.9)