Punch Industry Co., Ltd.
Notice on the Disposition of Treasury Stock as Stock-based Compensation with Transfer Restrictions
Important: Disposition of treasury stock under a transfer-restricted stock-based compensation system approved. In-kind contribution of cash-based compensation rights totaling 19,501,365 yen, and allocation of 80,209 shares to eligible directors. Restriction period set from 2026-08-07 to 2056-08-06; conditions for解除 of transfer restrictions include continued service, with provisions for organizational restructuring.
Key Figures
- Total disposition amount: 19,501,365 yen
- Disposed shares: 40,209 shares
- Transfer restriction period: 2026-08-07 to 2056-08-06
AI要約
Overview
Punch Industries resolved the disposition of treasury stock on August 7, 2026. This disposition, as part of the transfer-restricted stock-based compensation system, involves the in-kind contribution of cash compensation rights totaling 19,501,365 yen and 40,209 ordinary shares to the allocation recipients. The allocated shares are to 11 eligible directors, etc. (3 directors and 8 executive officers), with transfer restrictions set until August 6, 2056.
Impact on shareholders and future developments
Transfers of allocated shares are prohibited during the transfer-restriction period, with解除 conditions specified at the end of the period. In the event of organizational restructuring, exceptions for解除 of transfer restrictions may apply, aimed at aligning shareholder value and boosting motivation. The management account is strictly managed through Nomura Securities, and free acquisition of shares will be executed at period end or upon attainment of conditions.
Punch Industries Co., Ltd.
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