Ray Corporation
Notice Regarding Disposal of Treasury Stock
Disposal by third-party allotment of 41,500 shares to President Yoichi Isobe at 600 yen per share. Total disposal amount is 24,900,000 yen; treasury stock holdings after disposal will be 71,853 shares. The purpose is profit sharing with shareholders and commitment to enhancing corporate value, while taking market liquidity into consideration.
Key Figures
- Number of shares disposed: 41,500 shares (Recipient: Yoichi Isobe)
- Total disposal amount: 24,900,000 yen
- Treasury shares after disposal: 71,853 shares
AI要約
Overview of Capital Policy
This matter is a disposal of treasury stock based on a board resolution, executed as a third-party allotment. The shares subject to disposal are 41,500 ordinary shares of Ray Corporation, and the disposal price adopts the closing price of 600 yen on the business day prior to the board resolution to ensure fairness relative to market price. The total disposal amount is 24,900,000 yen. The recipient is the President and therefore constitutes a related-party transaction, but conflicts of interest have been excluded through deliberation. Dilution will remain below 25% at maximum, and it was determined that an independent third party opinion is not required.
Impact on Shareholders and Future Outlook
This disposal aims to share profits with shareholders and strengthen commitment to medium- to long-term corporate value enhancement. Attention is being paid to impacts on liquidity, and disposal by third-party allotment was chosen rather than market sale. The post-disposal treasury share ratio is expected to remain above a certain lower bound, and there will be no change in controlling shareholders.
Ray Corporation
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