and ST HD Co.,Ltd.
Notice Regarding the Continuation of the Performance-Linked Stock Compensation System for Directors
Andest Holdings Co., Ltd. has decided to continue the performance-linked stock compensation system for directors introduced in 2016 by extending the trust period until August 2030 starting April 2026, applicable to the three fiscal years from the end of February 2027 to the end of February 2029.
Key Figures
- Planned Trust Period Extension: August 8, 2016 – August 20, 2030
- Applicable Period: Three fiscal years from the end of February 2027 to the end of February 2029
- System Start Date: September 1, 2016
AI要約
Regarding the Continuation of the Performance-Linked Stock Compensation System
Andest Holdings Co., Ltd. has resolved to continue the performance-linked stock compensation system for directors (excluding audit & supervisory committee members, outside directors, and non-resident directors) introduced in fiscal 2016. This system aims to contribute to mid- to long-term performance improvement and increase corporate value. The trust agreement for the BIP trust, originally set to expire at the end of February 2026, will be amended to extend the trust period until August 20, 2030. The applicable period will cover three fiscal years from the end of February 2027 to the end of February 2029.
Overview of the Trust Agreement and Future Operations
This trust is a beneficiary trust other than a specific separately managed money trust, with Mitsubishi UFJ Trust and Banking Corporation and The Master Trust Bank of Japan, Ltd. as trustees. Beneficiaries are directors who meet the requirements, and the trust administrator is an independent third party (a certified public accountant) with no conflicts of interest with the company. The trust period will be extended by the amendment of the trust agreement, while the system content is expected to be maintained. Voting rights will not be exercised.
