What is the main purpose of this 8-K filing?

This 8-K filing serves as an update to inform investors that the stock purchase program, as outlined in the Shareholders Agreement with Japan Post Holdings, has officially begun and is progressing towards its completion goal.

Who is acquiring Aflac shares, and how many shares are they targeting?

The J&A Alliance Trust, acting as a trustee for Japan Post Holdings, is acquiring Aflac Incorporated's common stock. The target is to acquire beneficial ownership of approximately 7% of the outstanding shares of Aflac's common stock.

When did the share purchases start, and when are they expected to conclude?

The purchases commenced on April 29, 2019, and are planned to be completed within Aflac's fiscal year 2019, which concludes on March 31, 2020.

Are there any restrictions on how the shares are purchased?

Yes, for open market purchases, there is a daily limit of 15% of the 30-day trailing average daily trading volume of Aflac's common stock. Private block purchases are also a possibility.

AFL 8-K: Regulation FD

Summary

Aflac Incorporated (AFL) filed an 8-K on May 7, 2019, to provide an update on its previously announced Shareholders Agreement with Japan Post Holdings. The agreement, initially detailed in a December 19, 2018 filing, outlines efforts by J&A Alliance Trust, acting on behalf of Japan Post Holdings, to acquire approximately 7% of Aflac's outstanding common stock within 12 months of its first purchase. This filing specifically announces that the Trust commenced purchases of Aflac common stock on April 29, 2019, and plans to complete these acquisitions within Aflac's fiscal year 2019 (ending March 31, 2020). This ongoing share accumulation by a significant entity like Japan Post Holdings may be of interest to investors considering the potential impact on share price and ownership structure.

Key Highlights

1Aflac Incorporated (AFL) is providing an update on its Shareholders Agreement with Japan Post Holdings.
2The J&A Alliance Trust, on behalf of Japan Post Holdings, is working to acquire approximately 7% of Aflac's outstanding common stock.
3Purchases of Aflac common stock by the Trust commenced on April 29, 2019.
4The acquisition of shares is planned to be completed within Aflac's fiscal year 2019 (ending March 31, 2020).
5The Shareholders Agreement was originally announced on February 28, 2019, with material terms previously reported in a December 19, 2018 8-K filing.

AFLAC INC 8-K Report, Regulation FD Disclosure (May 7, 2019)

Summary

Key Highlights

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