JDC Corporation
Notice on the Introduction of a Post-Delivery Equity Grant System for the Employee Stock Ownership Plan
Introduces a post-delivery type equity grant system for the Employee Stock Ownership Plan. After assigning ordinary shares by cash consideration within the scoring period, those shares are granted to employees through the plan. Mitsubishi UFJ Morgan Stanley Securities handles the plan administration.
Key Figures
- Specific values for the cash claim amount, contributions, and allocated shares are unknown
- Allocation date, implementation period, and number of eligible employees are unknown
- Specific share allocation and dilution impact of the plan are unknown
AI要約
Purpose and overview of the system
This system provides employees with opportunities to acquire our ordinary shares as a mid- to long-term value-creation investment in human capital. Eligible employees receive a score based on their contributions during the scoring period, and are paid a special incentive cash claim corresponding to that score. Employees contribute this cash claim to the Employee Stock Ownership Plan, and the plan issues new shares or disposes of treasury stock to allocate shares to employees. The plan is administered by Mitsubishi UFJ Morgan Stanley Securities.
Process and mechanism
The process includes establishing rules, revising plan regulations, conducting scoring, granting cash claims, contributions to the plan, issuing new shares via cash contributions or disposing of treasury stock, crediting the plan accounts, and distributing shares to employees.
Nihon Kokudo Development Co., Ltd.
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