World Co., Ltd.
Notice of Share Buyback Related to Transfer-Restricted Stock Incentive for Employee Stock Ownership Plan
Resolution to allocate 34,653 shares of treasury stock in conjunction with the introduction of a transfer-restricted stock incentive plan for the Employee Stock Ownership Plan. Allocation price is 1,585 yen per share, total amount 54,925,005 yen, up to 116 employees expected. Details of allocation contracts and restrictions on transfer period and conditions for解除, and a dilution of approximately 0.05% is expected.
Key Figures
- 34,653 shares
- 54,925,005 yen
- 1,585 yen
AI要約
Overview of the scheme and disposals
This scheme, as part of the World Group Employee Stock Ownership Plan, uses a transfer-restricted stock incentive to absorb participants' contributions as in-kind contributions and to grant/dispose Company ordinary shares as transfer-restricted stock. The maximum disposal is 34,653 shares and total disposal amount is 54,925,005 yen, with the Employee Stock Ownership Plan as the allocation recipient deciding the number of allocated shares.
Key conditions and schedule
The transfer restriction period runs from August 18, 2026, until retirement of the affected employees;解除 of transfer restrictions occurs if eligibility criteria such as continued membership are met. During the restriction period, transfers and pledges of allocated shares are prohibited, and after解除 they will be converted to ordinary holdings. The disposal amount is calculated based on the closing price of 1,585 yen on the business day prior to the Board resolution date, and the opinion of the Audit & Supervisory Committee is also obtained.
World
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