Nadex Co., Ltd.
Notice on the Disposition of Treasury Stock as Restricted Stock
Disposes 12,140 treasury shares as in-kind consideration for monetary remuneration rights under the restricted stock remuneration plan. Disposition price is 1,319 yen, total amount 16,012,660 yen. Four directors are targeted, with a 10-year vesting period.
Key Figures
- Disposal shares: 12,140 shares
- Disposal price: 1,319 yen
- Total amount: 16,012,660 yen
AI要約
Background and purpose
The company has already implemented a restricted stock remuneration system to share long-term shareholder value and motivate management. This time, funds will be used in-kind to exercise monetary remuneration rights under the system, allocating ordinary shares to four target directors as treasury stock disposition. The vesting period is set at 10 years.
Impact on shareholders and future
Disposition is conducted at a fair value based on market price (1,319 yen). Stock management during the vesting period will be conducted through Nomura Securities’ RS account, and transfers or pledges are prohibited. Exceptions such as organizational restructuring may apply, but transfer restrictions may be解除 under certain conditions. The initiative to share shareholder value over the long term is expected to continue.
Na-Dex Co., Ltd.
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