Sakae Electronics Corporation
Notice on Share Buyback via Third-Party Allotment accompanying the introduction of an employee stock grant trust
In conjunction with the introduction of the employee stock grant trust system, treasury stock disposal through a third-party allotment was conducted. Disposed shares: 11,200 shares at 559 yen per share, total 6,260,800 yen, disposal counterparty: Nomura Trust & Banking Co., Ltd. Independent third-party opinions are deemed unnecessary as dilution impact is less than 25%.
Key Figures
- Disposed shares: 11,200 shares (ordinary shares)
- Disposal price: 559 yen/share
- Total disposal amount: 6,260,800 yen
AI要約
Key points of the news
Resolution to dispose treasury stock in connection with the introduction of the employee stock grant trust. Disposing 11,200 ordinary shares to Nomura Trust & Banking, at 559 yen per share, totaling 6,260,800 yen.
Procedures and impact going forward
Disposal price based on the immediately preceding market closing price to remove any discretion. Dilution rate below 25%, no change in controlling shareholder. Independent third-party opinions and shareholder approval deemed unnecessary.
栄 電 子 Incorporated
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