Nishi-Nippon Railroad Co., Ltd.
Notice of Treasury Stock Acquisition as a third-party allocation as stock compensation and extension of the trust period related to the ‘Executive Stock Compensation System’
Resolved to dispose treasury stock as stock compensation. Disposed shares: 336,300 shares; disposal price: 2,915.5 yen per share; total: 980,482,650 yen. Disposal date: August 24, 2026. At the same time, decided to extend the trust period of the executive remuneration trust from August 17, 2016 to August 31, 2029.
Key Figures
- 336,300 shares: Disposed shares
- 2,915.5 yen: Disposal price
- 980,482,650 yen: Total disposal amount
AI要約
Overview
Nishi-Nippon Railroad Co., Ltd. resolved at today's Board of Directors meeting to dispose of treasury stock via third-party allocation as stock compensation and to extend the trust period related to the stock compensation system. Disposed shares: 336,300; disposal price: 2,915.5 yen; total amount: 980,482,650 yen. Disposition date: August 24, 2026. The disposed shares are to be granted to directors through the trust, with dilution expected to be about 0.42% (0.44%) of outstanding shares.
Impact and Background
The system aligns interests of shareholders and management to enhance corporate value and stock price, with the extension of the trust period to secure the necessary shares. Disposed shares are not expected to be sold into the market in the near term, and market impact is anticipated to be minor. The details of the trust are consistent with prior notices, with the current change focusing on the extension of the period.
西日本鉄道株式会社
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