Kondotec Inc.
Notice Regarding Disposal of Treasury Shares as Restricted Stock
To introduce an incentive scheme using restricted stock, 19,200 shares were allocated to one executive officer and 96 employees. The allocation price is 1,771 yen, totaling 34,003,200 yen. The transfer restriction period is from December 25, 2026 to December 3, 2029. The allocation agreement terms, mechanisms for forfeiture-free acquisition, and treatment in the event of corporate reorganizations are specified.
Key Figures
- 19,200 shares: Number of allocated shares
- 34,003,200 yen: Total monetary claim amount
- 1,771 yen: Payment reference price per share
AI要約
Surprise / Overview
At today's board meeting, a resolution was passed to dispose of treasury shares under an incentive scheme utilizing restricted stock. The recipients are 97 eligible employees and others, totaling 34,003,200 yen and 19,200 shares. The transfer restriction period is approximately three years, and conditions for release of transfer restrictions and mechanisms for forfeiture-free acquisition of allocated shares are specified.
Scheme Operation and Impact
Eligible employees and others will make payments by contributing monetary claims in kind to acquire the shares. Transfer and creation of security interests are prohibited under the transfer restriction agreement, with release of restrictions upon certain conditions. In the event of corporate reorganizations, provisions are set for release of restrictions and forfeiture-free acquisition, aiming to align long-term shareholder value.
Kondotec Inc.
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