Makino Milling Machine Co., Ltd.
Notice on Share Buyback via Allotment of Restricted Stock to Directors
For five targeted directors, cash compensation rights totaling 42,392,800 yen are contributed as property for issuance of common shares or disposal. The payment date is July 31, 2026, with 15,200 yen per share issued, and the transfer restriction period lasts until the directors lose their positions. Contract terms include details on transfer restrictions, gratuitous acquisition, and management accounts.
Key Figures
- 2,789 shares
- 42,392,800 yen
- 15,200 yen/share
AI要約
Overview
At today's board meeting, it was resolved to dispose of treasury stock as restricted stock. For five targeted directors, cash compensation rights will be paid in kind to acquire common shares or benefit from the disposition. This system is based on prior approvals and a total allotted shares cap of up to 38,000 shares within the year.
Allotment Conditions and Agreement
Total number of allotted shares is 2,789, with payment of 15,200 yen per share. The transfer restriction period lasts from the payment date until the directors lose their positions. Vesting conditions require service during the period and meeting specified conditions; exceptions such as death or medical leave may lead to proportional解除.
Makino Milling Machine Co., Ltd.
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