Toray Industries, Inc.
Notice Regarding the Disposition of Treasury Stock as an Employee Stock Ownership Plan Restricted Stock
Disposition of treasury stock for an employee stock ownership plan restricted stock incentive has been decided. Shares to be disposed: 2,524,060 ordinary shares, disposal price: 1,333.0 yen per share, total amount: 3,364,571,980 yen (maximum assumption). The actual number of shares and total amount will be determined based on consent status. The disposal price was decided at the higher of the market price comparison, with the maximum closing price comparison at 1,333.0 yen. The average closing price deviation is about 15.01% over 1 month, about 16.52% over 3 months, and about 14.91% over 6 months.
Key Figures
- Number of shares to be disposed: 2,524,060 shares
- Disposal price: 1,333.0 yen
- Total disposal amount: 3,364,571,980 yen
AI要約
Background
Toray has decided to dispose of treasury stock under its Employee Stock Ownership Plan restricted stock incentive system, and will execute the disposal once the number of eligible employees is finalized. The disposal will be conducted as contributed property for a special incentive grant to the ESOP.
Disposal overview and conditions
Maximum number of shares to be disposed: 2,524,060 shares; disposal price: 1,333.0 yen per share; total amount: 3,364,571,980 yen. The actual number of shares and total amount will be determined according to the enrollment of non-members in promotions and the number of eligible employees subject to consent. The disposal price was determined to align with existing shareholder considerations and market price, based on the higher of the closing price comparison.
Toray Industries, Inc.
Company overview · Stock price · Financial data · All IR
