Maxell, Ltd.
Notice Regarding Disposal of Treasury Stock Related to Stock-Based Compensation
As part of the stock-based compensation system, 30,000 treasury stock shares were disposed of at 2,507 yen per share on September 17, totaling 75,210,000 yen. Executed through a trust account; dilution is about 0.06% (based on total issued shares 46,956,200). Purpose is to operate the executive compensation program.
Key Figures
- Disposal shares: 30,000 shares
- Disposal price: 2,507 yen per share
- Total disposal amount: 75,210,000 yen
AI要約
Overview
At today’s Board of Directors meeting, treasury stock disposal was conducted as part of the stock-based compensation scheme. Disposal shares are 30,000 of our common stock, disposal price is 2,507 yen per share, total amount 75,210,000 yen. The disposal is conducted through Sumitomo Mitsui Trust Bank as trustee, with a trust agreement assumed from May 7, 2019 to late August 2027. The disposal quantity will be determined by considering the positions and composition of directors, with an anticipated dilution of about 0.06% and minimal impact on the market for the shares outstanding.
Trust/scheme background and impact
This program is a trust-based stock grant under the stock grant regulations, with beneficiaries meeting the requirements of directors. Voting rights are not exercised during the trust period, and the trust handles assets other than cash as a profit-sharing trust. The purpose of the disposal is to enhance mid-to-long-term corporate value and strengthen the linkage with stock value.
Maxell, Ltd.
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