Morinaga Milk Industry Co., Ltd.
Notice on the Disposition of Treasury Stock as Restricted Stock Unit
Payment procedures for the disposition of treasury stock as restricted stock units have been completed. Disposed shares: 57,000 shares; issue price: 1,202.5 yen per share; total amount: 68,542,500 yen. Eligible recipients: 6 directors and 5 executive officers (11 in total, excluding outside directors).
Key Figures
- Disposed shares: 57,000 shares
- Disposal price: 1,202.5 yen per share
- Disposal total: 68,542,500 yen
AI要約
Overview
Morinaga Milk Industry announced that the payment procedures for the disposition of treasury stock as restricted stock units have been completed. The disposition involves 57,000 ordinary shares, at 1,202.5 yen per share, totaling 68,542,500 yen. The recipients are 6 directors and 5 executive officers (11 people in total, excluding outside directors).
Background and Impact
This notification confirms the completion of procedures for the disposition of treasury stock as compensation, and no direct financial impact on shareholders’ value is stated. The recipients are directors and executive officers; while dilution may occur, the document does not specify its extent.
Morinaga Milk Industry Co., Ltd.
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