Mitachi Co., Ltd.
Notice Regarding New Share Issuance with Transfer-Restricted Stock Awards
A new transfer-restricted stock compensation system has been introduced for directors. A total of 2,652 shares will be allocated to four target directors, with payment date of October 23, 2026, at a subscription price of 1,809 yen per share, and the restriction period remains until the loss of status.
Key Figures
- 2,652 shares: total number of allocated shares
- 1,809 yen: price per share paid-in
- 4,797,468 yen: amount equivalent (total for four directors' monetary compensation claims)
AI要約
Overview of the program
The program is a mechanism to issue or dispose of common stock by contributing cash compensation claims as paid-in capital under a restricted stock compensation framework. Targeted directors will execute share allocation agreements within the month, and during the restricted period, transfers of shares are prohibited. The release of transfer restrictions on allocated shares is conditional upon completion of the service period, with certain grounds for release specified. The subscription price is determined based on the market closing price.
Handling during corporate actions and reorganizations
Restricted stock is managed in a dedicated account at Daiwa Securities, and in the event of corporate actions or reorganizations, the release conditions for transfer restrictions may be adjusted.
Mitachi Co., Ltd.
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