SMFG Announces Employee Share-Based Compensation Plan

Sumitomo Mitsui Financial (SMFG) has released an update.

Sumitomo Mitsui Financial Group, Inc. (SMFG) has announced the acquisition of its common shares for a share-based compensation plan for employees, with a total cash entrustment of JPY1,490,000,000 to purchase up to 149,000 shares. The acquisition will occur from the stock market between May 23, 2024, and May 31, 2024, as part of an employee stock ownership plan (ESOP) with Sumitomo Mitsui Trust Bank, Ltd acting as trustee.

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