Kyoshin Co., Ltd.
Notice Regarding Introduction of Employee Share Award Trust and Disposal of Treasury Shares by Third-Party Allotment
Resolved to introduce an employee share award trust and design a system to grant shares to employees. As the disposal of treasury shares via a third-party allotment at the time of trust establishment, 550,000 ordinary shares will be disposed of at 278 yen per share.
Key Figures
- Number of shares to be disposed: 550,000 shares
- Disposal price: 278 yen
- Total disposal amount: 152,900,000 yen
AI要約
Overview of the Scheme Introduction
Kyoshin Co., Ltd. resolved at a board meeting to introduce an employee share award trust as an incentive plan for employees. Through this trust, the company will grant shares and cash equivalent to market value to employees, and will grant points to eligible employees that will be converted into share awards. Exercise of voting rights for the Company shares held in the trust assets will follow instructions from the trust administrator.
Disposal of Treasury Shares and Purpose
The acquisition of Company shares at the time of establishing this trust will be conducted via disposal of treasury shares by third-party allotment. The shares to be disposed are 550,000 ordinary shares, the disposal price is 278 yen per share, and the total amount is 152,900,000 yen, to be disposed to the trust account of The Japan Custody Bank, Ltd. The purpose of introducing the scheme is to stimulate employees' motivation to improve performance and increase corporate value, and to enhance employees' awareness of participation in management.
Kyoshin Co., Ltd.
Company overview · Stock price · Financial data · All IR
