Alinco Incorporated
Notice of Disposition of treasury stock as restricted stock units
Disposes 43,038 ordinary shares held by the company as consideration in kind for 18 directors and others who will receive monetary reward claims as contributed property. Disposal price is 1,087 yen per share, based on the closing price immediately before the Board of Directors resolution date, totaling 46,782,306 yen. Lock-up period for transfer is from 2026/7/31 to 2056/7/30.
Key Figures
- Total disposal amount: 46,782,306 yen
- Disposal shares: 43,038 shares
- Disposal value per share: 1,087 yen
AI要約
Overview
This notice informs that the Board of Directors has resolved the disposal of treasury stock under the restricted stock compensation program. The target includes internal directors and executive officers. Disposal amount is 46,782,306 yen, disposal shares are 43,038, and disposal price is 1,087 yen per share. The disposal is based on a fair market price to avoid unjust enrichment, and the transfer restriction period is set for 30 years from July 31, 2026 to July 30, 2056.
Background and Impact
The program aims to balance shareholder value sharing and incentives. The disposal will be conducted in line with the design principles at the program's inception. The disposal targets 18 directors and others, and the content suggests long-term shareholder value co-creation through conditions that transfer restrictions are lifted at the end of the restriction period and exceptions in case of organizational restructuring.
Alinco Co., Ltd.
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