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Share Issuance and Disposal2930Kitanotatsujin CorporationMaterials and Chemicals

Notice Concerning the Disposal of Treasury Shares as Restricted Stock for the Company's Employees

The Company resolved to dispose of 149,800 treasury shares as restricted stock to 13 employees. Transfers and other dispositions of the shares will be restricted for 5 years from 24 June 2026.

Worth reading
45Recurring
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Direction
Neutral
Direction inferred from the company’s description.
Scale
149800
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock

Who receives how much149,800Shares

149,800 shares of the Company's common stock (treasury shares)

13 employees of the Company149,800 shares

The lower thin line represents the existing number of shares to which these shares will be added.

¥124 per share
Total issue value

¥18,575,200

Amount of funds to be raised
Total payment amount: ¥18,575,200; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary claims: ¥18,575,200
発行済株式総数

As this is a disposal of treasury shares, information regarding an increase in the total number of issued shares is Not disclosed

Conditions on transfer restrictions

Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.

Transfer restriction period
From 24 June 2026 to 24 June 2031 (5 years)
Conditions for lifting transfer restrictions
Provided that the recipient continuously remains an officer or employee of the Company throughout the transfer restriction period, all of the shares allocated under this arrangement will be released from the transfer restrictions upon expiry of the period. If the recipient loses that status due to death or another reason deemed legitimate by the Board of Directors, the number of shares released will be determined according to the number of months of service. In the event of retirement at the mandatory retirement age, all of the shares allocated under this arrangement will be released from the transfer restrictions.
Reason for acquisition without consideration
At the expiration of the restricted transfer period or another time specified in the agreement, the Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
13 employees of the Company, 149,800 shares
Intended allottee's holding policy
During the transfer restriction period, the recipients may not transfer, create security interests over or otherwise dispose of the shares. The transfer restriction period runs from 24 June 2026 to 24 June 2031.
Payment date
24 June 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 25 May 2026, the business day preceding the date of the Board of Directors' resolution, was ¥124. No discount or premium rate is stated.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock
Number of shares to be issued or disposed of149,800 shares of the Company's common stock (treasury shares)
Issue price and disposal price¥124 per share
Total issue value¥18,575,200
Amount of funds to be raisedTotal payment amount: ¥18,575,200; estimated net proceeds: Not disclosed
Payment date24 June 2026
Intended allotteeName 13 employees of the Company / Number of Shares 149,800 shares
Intended allottee's holding policyDuring the transfer restriction period, the recipients may not transfer, create security interests over or otherwise dispose of the shares. The transfer restriction period runs from 24 June 2026 to 24 June 2031.
Total number of issued sharesAs this is a disposal of treasury shares, information regarding an increase in the total number of issued shares is Not disclosed
Basis for determining the amount to be paidThe closing price of the Company's common stock on the Tokyo Stock Exchange on 25 May 2026, the business day preceding the date of the Board of Directors' resolution, was ¥124. No discount or premium rate is stated.
Transfer restriction periodFrom 24 June 2026 to 24 June 2031 (5 years)
Conditions for lifting transfer restrictionsProvided that the recipient continuously remains an officer or employee of the Company throughout the transfer restriction period, all of the shares allocated under this arrangement will be released from the transfer restrictions upon expiry of the period. If the recipient loses that status due to death or another reason deemed legitimate by the Board of Directors, the number of shares released will be determined according to the number of months of service. In the event of retirement at the mandatory retirement age, all of the shares allocated under this arrangement will be released from the transfer restrictions.
Reason for acquisition without considerationAt the expiration of the restricted transfer period or another time specified in the agreement, the Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered13 employees of the Company, 149,800 shares
Total Stock-Based CompensationTotal monetary claims: ¥18,575,200
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance

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.

To provide employees with an incentive to achieve sustained improvements in corporate value and shareholder value over the medium to long term and to promote value sharing with shareholders. Transfer restrictions will also be imposed to encourage medium- to long-term, continuous service and other commitments.

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock for the Company's Employees | Kitanotatsujin Corporation (2930) timely disclosure | Komori