Charm Care Corporation
Notice Regarding Disposal of Treasury Shares as Restricted Stock Compensation
A resolution was passed to dispose of treasury shares as restricted stock compensation to four directors. The shares to be disposed total 10,400 shares, at 1,434 yen per share, for a total of approximately 14,913,600 yen. Disposal date is October 27, 2026. The contract is a restricted stock allocation agreement; the restriction period runs from the disposal date until the resignation date, and release conditions include continued service during the service provision period. The company may in the future take actions such as acquiring the shares without consideration.
Key Figures
- Number of shares to be disposed: 10,400 shares
- Disposal price per share: 1,434 yen
- Total disposal amount: 14,913,600 yen
AI要約
Key Points
Today, it was announced that a board resolution will be implemented to dispose of treasury shares as restricted stock compensation. The recipients are four internal directors, totaling 10,400 shares at 1,434 yen per share, totaling 14,913,600 yen. The restriction period runs from the disposal date to the resignation date; release conditions include continued service during the service provision period, and if conditions are not met the restrictions will not be released.
Background and Impact
This plan was introduced as a framework to grant incentives aimed at improving corporate value and shareholder value over the medium to long term. The disposal represents implementation of a representative remuneration scheme and an intent to share value with shareholders. While the restrictions may be released upon continued service by officers, the company has the right to acquire any shares not released at the end of the restriction period without consideration. In the event of organizational restructuring or similar reasons, release of restrictions may be applied.
Charm Care Corporation
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