Komori
Governance8118KING Co.,Ltd.Materials and Chemicals

Notice Regarding the Introduction of a Share Grant ESOP Trust

The Company has decided to introduce a Stock Delivery ESOP Trust for employees. It will transfer 401,000 treasury shares (¥460 million) to the trust, which will deliver shares or pay an amount equivalent to the proceeds from their sale to employees who meet certain requirements.

Worth reading
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Scored from 0 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
460
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

The Company resolved to introduce a Stock Delivery ESOP Trust as an incentive plan for employees. It will transfer 401,000 treasury shares (¥460 million) to the ESOP Trust.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Changes this timeThe Company resolved to introduce a Stock Delivery ESOP Trust as an incentive plan for employees. It will transfer 401,000 treasury shares (¥460 million) to the ESOP Trust.
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesControlling shareholder

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 improve employee engagement and achieve sustained growth in the corporate value of the Group over the medium to long term. The Company also expects the plan to encourage employees to perform their duties with greater awareness of the share price and enhance their motivation to work.

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 Introduction of a Share Grant ESOP Trust | KING Co.,Ltd. (8118) timely disclosure | Komori