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Share Issuance and Disposal6584Sanoh Industrial Co.,Ltd.Automobiles and transportation equipment

Notice Regarding the Decision on Matters Concerning the Acquisition of Shares under the Share-Based Compensation Scheme

To continue the existing stock compensation plan, the Company has decided to add funds to the stock delivery trust, which will acquire up to 393,000 of the Company's shares. The aggregate acquisition cost is capped at ¥262 million.

Worth reading
36Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
262000000
Yen (maximum aggregate acquisition cost)
Wording
Conditional
How definitive the wording is.

Details of issuance or disposal

Additional acquisition of the Company's shares by the stock delivery trust under the stock compensation plan

発行・処分する株式数

Stock delivery trust for directors: 285,000 shares (maximum); stock delivery trust for executive officers and senior employees: 108,000 shares (maximum)

Categories and Number of Persons Covered
Stock delivery trust for directors: directors meeting the beneficiary requirements; stock delivery trust for executive officers and senior employees: executive officers and senior employees meeting the beneficiary requirements (number not disclosed)
Procedures under the Corporate Code of Conduct
The trust administrator is an independent third party unaffiliated with the Company or its officers
Details of issuance or disposal
ItemDetails
Type of issuance or disposalAdditional acquisition of the Company's shares by the stock delivery trust under the stock compensation plan
Number of shares to be issued or disposed ofStock delivery trust for directors: 285,000 shares (maximum); stock delivery trust for executive officers and senior employees: 108,000 shares (maximum)
Categories and Number of Persons CoveredStock delivery trust for directors: directors meeting the beneficiary requirements; stock delivery trust for executive officers and senior employees: executive officers and senior employees meeting the beneficiary requirements (number not disclosed)
Procedures under the Corporate Code of ConductThe trust administrator is an independent third party unaffiliated with the Company or its officers
Items this document does not state (24)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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.

This is to enable the trustee to additionally acquire the Company's shares for the stock delivery trust established for the stock compensation plan covering the Company's directors, executive officers and senior employees, introduced on 8 September 2020.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Decision on Matters Concerning the Acquisition of Shares under the Share-Based Compensation Scheme | Sanoh Industrial Co.,Ltd. (6584) timely disclosure | Komori