Loan of Funds to Representative Director for Purchase of Company’s Own Shares
First written in FY2022-Q2. 1 of 2 entries say "Achieved", first in FY2022. Latest entry: FY2022.
0 other companies' latest entry also says "Achieved".
- FY2022AchievedAnnual report
「This was mainly due to a ¥71.013 million increase in property, plant and equipment resulting from the opening of a cell storage center and other factors, and a ¥133.05 million increase in long-term loans to officers.」
The loan to the Representative Director to finance the purchase of the Company's shares, resolved on and scheduled to be drawn down in the previous quarter, was recorded as a ¥133.05 million long-term loan. - FY2022-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 8 November 2021, the Company resolved to provide a loan to its Representative Director and President, Shimizu Takafumi (清水崇文), to finance the purchase of the Company's shares, after taking appropriate asset-protection measures. Loan amount: ¥133.05 million; scheduled drawdown date: 15 November 2021; interest rate: 1.1% per annum; repayment period: 20 years; pledge: as security for the loan, a pledge will be established over 25,700 of the Company's shares that Representative Director Shimizu Takafumi (清水崇文) is scheduled to acquire after the loan is drawn down.」
As a significant subsequent event, the Company has disclosed for the first time the resolution to provide the Representative Director with a loan to finance the purchase of the Company's shares. The disclosure states the loan amount, scheduled drawdown date, interest rate, repayment period and pledge over the shares to be acquired.