February 9, 2024
To whom it may concern,
Company name: Mizuho Financial Group, Inc.
Representative: Masahiro Kihara, President & CEO
Head Office: 1-5-5 Otemachi, Chiyoda-ku, Tokyo
Stock Code Number: 8411
(Prime Market of the Tokyo Stock Exchange)
Notice Concerning Additional Contribution to the Board Benefit Trust (BBT) for Operating Officers
Mizuho Financial Group, Inc. (the "Company") hereby announces that we have decided today, with respect to the stock compensation program for operating officers (the "Program", with the trust established based on a trust agreement executed with Mizuho Trust & Banking Co., Ltd., the "Trust"), that the Company will make an additional cash contribution to the Trust in order for the trustee to acquire shares of the Company.
For a summary of the Program, please refer to the "Notice Concerning Introduction of the Board Benefit Trust (BBT) in Connection with the Expansion of the Scope of the Board Benefit Program", dated May 20, 2022.
1. Reason for the additional contribution
The Company has continued the Program and has decided to make an additional cash contribution to the Trust to provide funds (the "Additional Trust") to acquire necessary shares in the future.
2. Summary of the Additional Trust
| (1) Type of trust: | Money held in trust other than in the form of a monetary trust (third party beneficiary trust) |
| (2) Entrustor: | The Company |
| (3) Trustee: | Mizuho Trust & Banking Co., Ltd. (Re-trustee: Custody Bank of Japan, Ltd.) |
| (4) Beneficiaries: | Operating officers of the Company; Mizuho Bank Co., Ltd.; Mizuho Trust & Banking Co., Ltd.; Mizuho Securities Co., Ltd.; and Mizuho Research & Technologies Co., Ltd. who have satisfied the requirements for benefits set forth in the Stock Benefits Regulations. |
| (5) Date of Additional Trust: | February 26, 2024 (planned) |
3. Details regarding the acquisition of shares of the Company through the Additional Trust
(1) Type of shares to be acquired: Common stock of the Company
(2) Amount of the Additional Trust to acquire the shares: JPY 850,000,000 (planned)
(3) Maximum number of shares to be acquired: 608,400 shares
(4) Method of acquiring shares: From the stock market
(5) Period of acquiring shares: From February 26, 2024 to March 5, 2024 (planned)