Rheon Automatic Machinery Co., Ltd.
Notice on the Disposal of Treasury Stock as Restricted Stock for Employee Stock Ownership Plan
To implement the employee stock ownership plan with restricted stock, we plan to allocate up to 64,800 shares to a maximum 648 eligible employees. The disposal price is 1,525 yen per share, totaling 98,820,000 yen. The restriction period is from November 20, 2026 to November 30, 2028. Dilution is expected to be up to approximately 0.24%, and execution will depend on participant consent.
Key Figures
- 64,800 shares
- 1,525 yen
- 98,820,000 yen
AI要約
Overview of the system
This system is a mechanism to grant restricted stock to eligible employees through the employee stock ownership plan, whereby the company contributes cash as a special incentive fund to the plan, acquiring and disposing our shares as in-kind contributions. The allocation agreement stipulates transfer restrictions, conditions for lifting restrictions, treatment upon withdrawal and non-residents, etc., and implementation ultimately depends on the consent and participation status of the eligible employees.
Impact on shareholders and conditions for execution
The number of shares to be disposed is up to 64,800 shares, to be finalized by the number of consenting employees. During the restriction period, transfers are restricted, and restrictions are lifted when the period ends. Conditions for free acquisition, handling in corporate reorganizations, and treatment for non-residents are specified, and dilution is expected to be about 0.24%. It is noted that all three auditors have expressed that the disposal price is lawful.
Leon Motor Co., Ltd.
Company overview · Stock price · Financial data · All IR
