Japan Pulp and Paper Company Limited
Notice Regarding Decision on Matters Concerning Share Acquisition under the Stock Compensation Plan
Board approved continuation of the stock compensation plan and decided to add funds to the trust for additional share acquisition by the trustee. Shares to be acquired are common shares, totaling 298,400 shares, total acquisition price 358,975,200 yen, acquisition scheduled for 2026-11-30.
Key Figures
- Total number of shares to be acquired: 298,400 shares
- Total acquisition price: 358,975,200 yen
- Acquisition date: 2026-11-30 (scheduled)
AI要約
Key Points
The Board approved continuation of the stock compensation plan through this trust and decided that the Company will add cash as additional trust funding. The trustee is Sumitomo Mitsui Trust Bank, and the re-trustee is Japan Custody Bank; voting rights of shares held in the trust will not be exercised during the trust period. The additional trust funds are scheduled to be contributed on 2026-11-30, and the trust agreement date is 2017-08-29. The beneficiaries are persons who meet the benefit requirements, generally directors and others.
Impact on Shareholders and Outlook
This matter has limited direct impact as a capital policy on the capital markets, but is positioned as a measure to stabilize executive compensation operations and align long-term corporate value. Voting rights of shares within the trust are restricted, so it is unlikely to affect shareholders' voting rights. The trust is scheduled to continue until the end of September 2029.
Japan Pulp and Paper Company Limited
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