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Governance5838Rakuten Bank,Ltd.Banks

Notice Concerning Partial Amendments to the Articles of Incorporation in Connection with the Reorganization of the Fintech Business

In connection with the reorganization of the fintech business, the Articles of Incorporation will be amended to allow the issuance of Class A Shares in order to make 楽天カード and 楽天証券ホールディングス subsidiaries through a share delivery. The total number of authorized shares will be increased from 630 million to 1.5 billion, and provisions concerning Class A Shares and Class Shareholders Meetings will be newly established.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
870000000
Increase in the total number of authorized shares (shares)
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

New provisions concerning Class A Shares, changes to the total number of authorized shares and the total number of authorized shares by class, changes to the number of shares constituting one unit, and new provisions concerning Class Shareholders Meetings. The amendment will become effective subject to the effective date of the share delivery.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Changes this timeNew provisions concerning Class A Shares, changes to the total number of authorized shares and the total number of authorized shares by class, changes to the number of shares constituting one unit, and new provisions concerning Class Shareholders Meetings. The amendment will become effective subject to the effective date of the share delivery.
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Class A Shares are scheduled to be newly issued to Rakuten Group,Inc. and Mizuho Bank, Ltd. through this share delivery, and the amendment is intended to enable their issuance. The amendment will become effective subject to the share delivery becoming effective.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning Partial Amendments to the Articles of Incorporation in Connection with the Reorganization of the Fintech Business | Rakuten Bank,Ltd. (5838) timely disclosure | Komori