LECIP Holdings Corporation
Notice Regarding Disposal of Treasury Shares as Restricted Stock Incentives for Employees
A board resolution was passed to dispose of treasury shares under an employee restricted stock incentive plan. 54,412 ordinary shares are scheduled to be allocated to 583 eligible employees. The disposal price is 635 yen per share, total 34,551,620 yen. The restriction period is March 19, 2027 to October 31, 2031, with restrictions lifted upon achievement of specified conditions. Dilution is approximately 0.34%.
Key Figures
- 54,412 shares: Number of shares to be disposed
- 34,551,620 yen: Total disposal amount
- 635 yen: Disposal price per share
AI要約
Overview of the Scheme and Details of the Disposal
The board of directors resolved to introduce an employee restricted stock incentive plan. Restricted shares totaling 54,412 shares will be allocated to 583 eligible employees by contributing monetary claims in kind. The total disposal amount is 34,551,620 yen. The disposal method is a third-party allotment, with subscription for the allotted shares as a condition. The restricted stock allocation agreement stipulates transfer restrictions for a fixed period, lifting of restrictions upon achievement of conditions, and provisions for gratuitous acquisition, among others. Dilution is small at approximately 0.34%.
Impact on Shareholders and Employees and Future Developments
This scheme aims to strengthen employee incentives and sustainably enhance corporate value, aligning employee and shareholder interests. During the restriction period, transfer of the shares is restricted and will be lifted upon expiration or certain triggering events. Multiple exceptions and handling provisions are set out for non-residents, corporate reorganizations, and conditions for gratuitous acquisition, and an account management agreement with Nomura Securities is described to ensure effective administration of the scheme.
LECIP Holdings Corporation
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