KING Co., Ltd.
Notice of Disposal of Treasury Shares as Stock Compensation
In conjunction with the introduction of an ESOP trust for stock grants aimed at improving employee engagement, KING Co., Ltd. will dispose of 401,000 treasury shares at 1,148 yen per share. The total disposal amount is 460,348,000 yen, scheduled to be executed on December 1, 2026. Dilution rate is 1.62% of total issued shares and 2.51% of total voting rights. Market impact is expected to be minor.
Key Figures
- Number of Shares to be Disposed: 401,000 shares
- Total Disposal Amount: 460,348,000 yen
- Dilution Rate: Shares Outstanding Basis 1.62% / Total Voting Rights Basis 2.51%
AI要約
Overview of Capital Policy
Today, KING Co., Ltd. resolved to dispose of treasury shares as stock compensation in connection with the introduction of an ESOP trust for employees. The number of shares to be disposed is 401,000 shares, the disposal price is 1,148 yen per share, and the total amount is 460,348,000 yen. The shares will be allocated to the trust account through The Master Trust Bank of Japan, Ltd. Dilution is 1.62% on a shares outstanding basis and 2.51% on a total voting rights basis. Market impact is expected to be minor.
Schedule and Purpose
The disposal is scheduled to be executed on December 1, 2026. The purpose is to improve employee engagement and enhance corporate value over the medium to long term. The disposal price uses the closing price two business days prior to the board resolution date (1,148 yen). Of the three statutory auditors, two are external and determined there is no reasonable basis to consider the disposal price favorable. No independent third-party opinion or shareholder approval procedure is required.
KING Co., Ltd.
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