Advantest Corporation
Notice Regarding Disposal of Treasury Stock Based on the Performance Share Unit System
Resolved to dispose of 6,152 shares of treasury stock on May 7, 2026, totaling 128,730,600 yen, and grant them to two retiring executive officers.
Key Figures
- Number of Shares Disposed: 6,152 shares (granted to two retiring executive officers)
- Disposal Price: 20,925 yen per share (closing price on March 30, 2026)
- Total Disposal Amount: 128,730,600 yen
AI要約
Overview of Treasury Stock Disposal
Advantest Corporation resolved at the Board of Directors meeting to dispose of 6,152 shares of treasury stock on May 7, 2026, based on the Performance Share Unit System. The disposal price is 20,925 yen per share, totaling 128,730,600 yen, with the recipients being two executive officers scheduled to retire. This disposal is subject to the effectiveness of the securities registration statement under the Financial Instruments and Exchange Act.
Purpose and Background of the System and Impact on Shareholders
This disposal is part of the restricted stock compensation plan introduced in 2021, under which a performance-linked stock compensation system (Performance Share Unit System) is implemented to encourage medium- to long-term management promotion for eligible directors and others. The disposal price is based on the recent market price (closing price as of March 30, 2026), and is judged to be not at a particularly favorable price. The dilution rate is less than 25%, and as there is no change in controlling shareholders, it is deemed unnecessary to obtain opinions from independent third parties or to conduct procedures to confirm shareholders' intentions.
