Terasaki Electric Co.,Ltd.
Notice of Disposal of Treasury Shares as Stock Compensation with Transfer Restrictions
Received 9,746 shares by contributing monetary claims as monetary investment. Total monetary claims amount to 31,966,880 yen, with a disposal price of 3,280 yen per share. Resolved to introduce a new share-based compensation system with transfer restrictions for 14 targeted directors and others. The transfer restriction period is from July 28, 2026, until immediately after resignation, with the condition of continued service for解除条件.
Key Figures
- Number of shares disposed: 9,746 shares
- Total disposal amount: 31,966,880 yen
- Disposal price: 3,280 yen/share
AI要約
Overview of the System and Background
At today's Board of Directors meeting, it was resolved to newly introduce a share-based compensation system with transfer restrictions, specifying that compensation will be granted by issuing and disposing of allocated shares to targeted directors and others in the form of monetary claims contributed as cash assets. The allocated shares will be restricted from transfer, with the transfer restriction period set until immediately after resignation.
Details of Disposal and Conditions
The disposal date is July 28, 2026, with 9,746 common shares to be disposed of, totaling 31,966,880 yen. Shares are allocated to 14 targeted directors and others, with transfer restriction conditions set forth in a separate allocation agreement. The transfer restriction will be解除条件 from the start of service to just before the ordinary general meeting, with provisions for special cases such as reorganizations.
Terasaki Electric Industries Inc.
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