Notice regarding disposal of treasury stock in connection with additional contributions to the equity compensation plan

Overview

Keihin Electric Express Railway has resolved to dispose of treasury stock in connection with the additional contributions to the equity compensation plan, the 'Stock Benefit Trust (BBT)'. The number of disposed shares is 190,700, the total disposal amount is 288,338,400 yen, and the disposal date is August 21, 2026. The disposal target is Japan Trustee Services Bank (trust E Account), and it will be conducted in the form of re-trust under the trust agreement.

Background and purpose

This plan has been implemented within the context of ongoing and revised equity compensation schemes, aiming to secure, within the trust property, the shares expected to be granted in the future and to deliver compensation to directors, etc. in a form essentially equivalent to equity allocation. The disposal this time is conducted to secure shares anticipated to be granted during the trust period and because the degree of dilution is deemed reasonable.