Japan Electronic Materials Corporation
Notice of Share Compensation System Introduction and New Share Issuance
Japan Electronics Materials Corporation will issue 6,459 new shares on July 24 in conjunction with the introduction of a restricted stock compensation system. Cash claims totaling 52,124,130 yen will be contributed as in-kind payments from eligible directors and officers.
Key Figures
- Number of New Shares Issued: 6,459 shares
- Issue Price: 8,070 yen
- Total Issue Amount: 52,124,130 yen
AI要約
Overview of Capital Policy
Japan Electronics Materials Corporation will introduce a restricted stock compensation system to incentivize directors and executive officers, issuing 6,459 new shares on July 24. The issue price is 8,070 yen per share, totaling 52,124,130 yen. The target recipients are three directors and four officers, who will contribute cash claims totaling 52,124,130 yen as in-kind payments to acquire the shares. Details of the system include restrictions on transfer periods, conditions for解除, and conditions for gratuitous acquisition.
Purpose and Future Outlook
The aim of implementing this system is to enhance motivation among targeted directors and officers and to sustainably increase corporate value. The transfer restriction period will last until resignation or retirement, with provisions for解除 under certain conditions and for gratuitous acquisition. Future initiatives are expected to continue strengthening executive incentives and improving corporate value.
Japan Electronics Materials Corporation
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