Espec Corp.
Notice Regarding Disposal of Treasury Stock by Third-Party Allotment Accompanying Introduction of Stock Grant Trust (J-ESOP)
On March 2, 2026, 99,800 shares of treasury stock will be disposed of by third-party allotment at 3,945 yen per share, totaling 393,711,000 yen, with shares to be granted to 140 employees through a stock grant trust (J-ESOP).
Key Figures
- Number of Shares Disposed: 99,800 shares (0.42% of total outstanding shares of 23,781,394 shares)
- Disposal Price: 3,945 yen per share (closing price on the day before the board resolution)
- Total Disposal Amount: 393,711,000 yen
- Scheduled Disposal Date: 2026-03-02
- Number of Eligible Employees: 140 persons
AI要約
Background and Purpose of Introducing Stock Grant Trust (J-ESOP)
Espec Corporation has resolved to introduce the stock grant trust (J-ESOP) as an employee incentive plan to maximize human capital, in line with its medium-term management plan, 'PROGRESSIVE PLUS 2027.' This system aims to enhance employees’ awareness of corporate value enhancement and contribute to medium- to long-term business performance improvement.
Overview and Purpose of Treasury Stock Disposal
On March 2, 2026, 99,800 shares of treasury stock will be disposed of by third-party allotment at a price of 3,945 yen per share, totaling 393,711,000 yen. Although the disposal recipient is formally Custody Bank of Japan, Ltd. (Trust E Account), the disposal is effectively for granting shares to 140 employees through the stock grant trust, resulting in a dilution of 0.42% relative to the total outstanding shares. The disposal price is reasonably set based on market price, and legality has been confirmed by the audit and supervisory committee.
