Watanabe Sato Co., Ltd.
Notice Regarding Disposal of Treasury Stock as Restricted Stock Incentives for the Employee Shareholding Association
Introduction of a restricted stock incentive plan for the employee shareholding association. For the purpose of enhancing employee benefits and corporate value, the Company plans to allocate up to 25,150 shares of common stock to the employee shareholding association. The allocation price is 1,917 yen per share, and dilution is expected to be up to 0.39% (based on total issued shares of 6,391,400).
Key Figures
- Number of shares to be disposed (maximum): 25,150 shares
- Total disposal amount: 48,212,550 yen
- Dilution: 0.39% (based on total issued shares of 6,391,400 shares)
AI要約
Overview of the Plan
This plan implements the grant and disposal of restricted stock through the employee shareholding association by means of contribution in kind. Eligible employees will receive a special incentive payment, which they will contribute to acquire shares. Allocated shares cannot be withdrawn during the transfer restriction period, and the allocation agreement stipulates conditions for lifting the transfer restrictions and other terms.
Impact on Shareholders and Future Procedures
Up to 503 people are eligible, and the number and total amount of shares to be disposed will be finalized depending on the consent status of eligible employees. The allocation agreement outlines the transfer restriction period, treatment upon withdrawal or for non-residents, conditions for acquisition without consideration, and other matters. Implementation of the plan is subject to amendments to related regulations and approval by the Board of Directors/Board.
Watanabe Sato Co., Ltd.
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