Sakata Seed Corporation
Notice Regarding Disposal of Treasury Shares as Restricted Stock Incentives for the Employee Shareholding Association
Introduces a restricted stock incentive plan allocated to the employee shareholding association. Up to 15,067 shares to be allocated to the association; payment due date January 25, 2027. Disposal price is 4,195 yen per share, total 63,206,065 yen. Details of transfer restriction periods, conditions for gratuitous acquisition and release, and other contract terms disclosed.
Key Figures
- Number of shares to be disposed (maximum): 15,067 shares
- Disposal price: 1 share 4,195 yen
- Total disposal amount: 63,206,065 yen
AI要約
Overview and Purpose of the Program
This program resolves to introduce a restricted stock incentive system allocated to the employee shareholding association, wherein eligible employees contribute monetary claims as contributions in kind to receive issuance or disposal of restricted shares. The transfer restriction period for allocated shares runs from January 25, 2027 to December 31, 2031. The total disposal amount is calculated as up to 63,206,065 yen at 4,195 yen per share.
Treatment on Release of Transfer Restrictions, Gratuitous Acquisition, and Corporate Reorganizations
Shares for which transfer restrictions are not released at the end of the restriction period will be acquired by the Company without payment. Provided that the eligible employee continues to be a member of the shareholding association, shares for which the transfer restrictions are released at the end of the period will be converted into ordinary share holdings. In the event of corporate reorganizations, release of transfer restrictions will apply and such shares will similarly be converted into ordinary share holdings.
Sakata Seed Corporation
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