KING Co., Ltd.
Notice Regarding the Disposal of Treasury Stock as Restricted Stock
A new system is implemented that allocates restricted stock to target directors and others in the form of in-kind contributions of monetary claims. Disposed shares: 24,604 shares, total amount: 30,878,020 yen. Targets are internal directors and executive officers, with a transfer restriction period from 2026/8/7 to 2056/8/6.
Key Figures
- Disposal total: 30,878,020 yen (1,255 yen per share)
- Disposed shares: 24,604 shares
- Transfer restriction period: August 7, 2026 – August 6, 2056
AI要約
Background and Overview
King has resolved to newly introduce a restricted stock plan and will grant shares to target directors and others as in-kind contributions of monetary claims. This disposal is conducted as part of the restricted stock rewards under this system, totaling 24,604 shares and 30,878,020 yen. The transfer restriction period is from August 7, 2026, to August 6, 2056.
Impact on Shareholders and Future Policy
This system aims to enhance motivation of target directors and executives and to align value with shareholders. While there is potential for dilution of shares, governance during the restriction period is in place, and the plan focuses on long-term improvement of corporate value. Conditions for unlocking restrictions include meeting specified tenure requirements; upon retirement, a certain portion of shares will have restriction解除, etc.
King
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