Mitsubishi Chemical Group Corporation
Notice regarding the extension of the executive compensation BIP trust and related treasury stock disposition
Disposal of treasury stock as part of the stock compensation program. Disposed 819,300 shares valued at 1,171 yen each, transferred to Japan Trustee Services Bank on September 17. Dilution rate 0.06%, market liquidity expected to be low due to the extension of the trust period.
Key Figures
- Disposed shares: 819,300 shares
- Disposal price: 1,171 yen
- Total disposal amount: 959,400,300 yen
AI要約
Overview
Mitsubishi Chemical Group Corporation resolved to dispose of treasury stock in connection with the extension of the trust period for the executive compensation BIP trust agreement. The disposal is partial shares expected to be delivered during the trust period under the Restricted Stock Trust Regulations, with an anticipated dilution of 0.06% and considered to have a minor impact on the stock market.
Trust contracts and procedures
The trust agreement was signed on September 20, 2018. Co-trustee is Japan Trustee Services Bank, Ltd. Trust administrator is Mitsubishi UFJ Trust and Banking Corporation. Trust period is from September 20, 2018 to the end of August 2026 (extended to the end of August 2029). No voting rights will be exercised.
Mitsubishi Chemical Group Corporation
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