Okada Aiyon Corporation
Notice of Disposition of Treasury Stock as Restricted Stock
Disposition of 3,700 shares of treasury stock as restricted stock for five members of the Board. Allocation period is from 2026-07-31 to 2056-07-30, issue price is 1,990 yen per share, total amount 7,363,000 yen. Shares issued via cash compensation rights converted into shares, with a 30-year transfer restriction period.
Key Figures
- Disposed shares: 3,700 株
- Disposal price: 1,990 円
- Total disposal amount: 7,363,000 円
AI要約
Overview
At today's Board meeting, the disposition of treasury stock as restricted stock was approved. The target comprises five directors (excluding outside directors), awarding 3,700 shares. The allocation is implemented by converting cash-based compensation rights into shares. The transfer restrictions are set for a long term of 30 years, aiming to enhance shareholder value over the long term.
Impacts and conditions
Subject to remaining in office as a director for a specified period, transfer restrictions are lifted at the end of the period. There are provisions that restrictions are lifted or acquired proportionally in the event of resignation or organizational changes, and shares are held in a designated account. This may lead to dilution, but the objective is to improve long-term share price and corporate value.
Okada Aion Corporation
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