Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.Decision and Details
Board of DirectorsAbolition of the shareholder benefit program
Decision29 September 2026
Period CoveredNo shareholder benefits will be provided for record dates on or after 30 April 2027
ImplementationDiscontinued after the award of shareholder benefits based on a record date of 30 April 2026 (the timing of implementation is stated in the main text as preceding the decision date)
Going forwardThe program will be discontinued after the final award of shareholder benefits based on a record date of 30 April 2026, and no shareholder benefits will be provided for record dates on or after 30 April 2027
Quantity / scaleShareholders holding 100 or more shares
Reason
After considering how to ensure fair returns to shareholders, the company determined that it would be appropriate to concentrate its management resources further on enhancing returns through dividends and other means and on increasing corporate value over the medium to long term
| Item | Details |
|---|---|
| Matter Covered | Abolition of the shareholder benefit program |
| Decision-Making Body | Board of Directors |
| Decision Date | 29 September 2026 |
| Implementation Date | Discontinued after the award of shareholder benefits based on a record date of 30 April 2026 (the timing of implementation is stated in the main text as preceding the decision date) |
| Period Covered | No shareholder benefits will be provided for record dates on or after 30 April 2027 |
| Quantity / scale | Shareholders holding 100 or more shares |
| Reason | After considering how to ensure fair returns to shareholders, the company determined that it would be appropriate to concentrate its management resources further on enhancing returns through dividends and other means and on increasing corporate value over the medium to long term |
| Future plans | The program will be discontinued after the final award of shareholder benefits based on a record date of 30 April 2026, and no shareholder benefits will be provided for record dates on or after 30 April 2027 |
Items this document does not state (4)
AmountImpact on Business PerformanceGoverning RuleRelated previous disclosures
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.After considering how to ensure fair returns to shareholders, the company determined that it would be appropriate to concentrate its management resources on enhancing returns through dividends and other means and on increasing corporate value over the medium to long term.
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