Sankyo Co., Ltd.
Notice on August 6, 2026: Resolution on Disposition of Treasury Stock through Third-Party Allotment
Under an additional trust framework, treasury stock related to executive and other director remuneration is disposed of for 0.47% equivalent, amounting to 1,090,000 shares, at a disposition price of 1,821.5 yen per share, with disposal value of 1,985,435,000 yen. This is an action accompanying an additional trust for future benefits, with minimal anticipated market impact.
Key Figures
- Disposed shares: 1,090,000 shares
- Total disposition amount: 1,985,435,000 yen
- Additional trust amount: 1,647,000,000 yen
AI要約
Background and Overview
This resolution was made to secure funds for the performance-based stock remuneration plan by implementing an additional trust. The targets are directors and others of the company, with the disposition amount equivalent to 0.47% of the outstanding shares as of March 31, 2026, and about 0.55% of the total voting rights. The disposition price was determined at 1,821.5 yen, the closing price on the immediately preceding business day on the Tokyo Stock Exchange, and the potential dilution is expected to be less than 25%.
Market Impact and Procedures
The disposition of treasury stock is expected to have minimal market impact, and there was no need to obtain opinions from an independent third party or to confirm the interests of shareholders. As a trust outline, the trustor is the company, the trustee is Resona Bank, the sub-trustee is Japan Custody Bank, and the beneficiaries are directors and others who meet the stock grant program requirements. The additional trust amount is 1,647,000,000 yen, and the number of shares acquired is 1,090,000 shares.
SANKYO Co., Ltd.
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