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Share Issuance and Disposal9880INNOTECH CORPORATIONElectrical Equipment and Precision Instruments

Notice Regarding the Disposal of Treasury Shares as Restricted Stock Compensation for Employees

The Company resolved to dispose of 7,400 treasury shares to 18 employees as restricted stock compensation. In principle, the shares may not be transferred for 5 years.

Worth reading
46Recurring
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Direction
Neutral
Direction inferred from the company’s description.
Scale
7400
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much7,400Shares

Treasury shares: 7,400 shares

18 employees of the Company7,400 shares

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

¥3,330 per share
Total issue value

¥24,642,000

Amount of funds to be raised
Total payment amount: ¥24,642,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary receivables: ¥24,642,000
発行済株式総数

The total number of issued shares will not increase because this is a disposal of treasury shares.

Not applicable (disposal of treasury shares)

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

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 30 October 2026 through 31 October 2031 (5 years)
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as an officer or employee of the Company throughout the restricted period, all of the subject shares held at the end of the period will be released from the transfer restrictions. In the event of resignation or retirement for a legitimate reason, the number of shares released will be determined according to the period of service.
Reason for acquisition without consideration
The Company will acquire without consideration any shares whose transfer restrictions are not released when the restricted period expires, all shares held by a recipient who resigns or retires for reasons other than a legitimate reason or otherwise falls under certain specified circumstances, and all shares held by a recipient who engages in conduct violating laws or regulations or other specified conduct.
Categories and Number of Persons Covered
18 employees of the Company, 7,400 shares
Intended allottee's holding policy
From 30 October 2026 through 31 October 2031, the shares may not be transferred, pledged, used to establish a security interest by transfer, given as an inter vivos gift, bequeathed, or otherwise disposed of in any manner.
Payment date
30 October 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 21 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,330. There is no discount or premium.
Impact on Business Performance
The impact of this disposal of treasury shares on the Company's performance is Not disclosed
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock compensation
Number of shares to be issued or disposed ofTreasury shares: 7,400 shares
Issue price and disposal price¥3,330 per share
Total issue value¥24,642,000
Amount of funds to be raisedTotal payment amount: ¥24,642,000; estimated net proceeds: Not disclosed
Payment date30 October 2026
Intended allotteeName 18 employees of the Company / Number of Shares 7,400 shares
Intended allottee's holding policyFrom 30 October 2026 through 31 October 2031, the shares may not be transferred, pledged, used to establish a security interest by transfer, given as an inter vivos gift, bequeathed, or otherwise disposed of in any manner.
Dilution RateNot applicable (disposal of treasury shares)
Total number of issued sharesThe total number of issued shares will not increase because this is a disposal of treasury shares.
Basis for determining the amount to be paidThe closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 21 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,330. There is no discount or premium.
Transfer restriction periodFrom 30 October 2026 through 31 October 2031 (5 years)
Conditions for lifting transfer restrictionsProvided that the recipient continuously holds a position as an officer or employee of the Company throughout the restricted period, all of the subject shares held at the end of the period will be released from the transfer restrictions. In the event of resignation or retirement for a legitimate reason, the number of shares released will be determined according to the period of service.
Reason for acquisition without considerationThe Company will acquire without consideration any shares whose transfer restrictions are not released when the restricted period expires, all shares held by a recipient who resigns or retires for reasons other than a legitimate reason or otherwise falls under certain specified circumstances, and all shares held by a recipient who engages in conduct violating laws or regulations or other specified conduct.
Categories and Number of Persons Covered18 employees of the Company, 7,400 shares
Total Stock-Based CompensationTotal monetary receivables: ¥24,642,000
Impact on Business PerformanceThe impact of this disposal of treasury shares on the Company's performance is Not disclosed
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offering

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 enhance employee benefits, promote the sharing of value with shareholders through employee share ownership, and achieve sustained growth in corporate value.

How to read this page

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Notice Regarding the Disposal of Treasury Shares as Restricted Stock Compensation for Employees | INNOTECH CORPORATION (9880) timely disclosure | Komori