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Share Issuance and Disposal9962MISUMI Group Inc.Trading & Wholesale

Notice Regarding the Disposal of Treasury Shares as Restricted Stock-Based Compensation for Directors

Under the restricted stock compensation plan, the company plans to dispose of treasury shares to its directors, excluding outside directors, again this fiscal year. The aggregate payment amount currently expected is ¥310 million.

Worth reading
43Recurring
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
310000000
Yen (amount reasonably expected as the aggregate payment amount)
Wording
Avoiding a definitive answer
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Intended allottee
Company directors (excluding outside directors): number of recipients and number of shares Not disclosed
Amount of funds to be raised

Aggregate payment amount: ¥310,000,000. Estimated net proceeds: Not disclosed

Total Stock-Based Compensation
¥310,000,000 (amount reasonably expected as the aggregate payment amount)
Categories and Number of Persons Covered
Company directors (excluding outside directors): number of recipients and number of shares allocated Not disclosed
Procedures under the Corporate Code of Conduct
The introduction of this plan was approved at the 61st Annual General Meeting of Shareholders held on 15 June 2023
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock compensation
Amount of funds to be raisedAggregate payment amount: ¥310,000,000. Estimated net proceeds: Not disclosed
Intended allotteeCompany directors (excluding outside directors): number of recipients and number of shares Not disclosed
Categories and Number of Persons CoveredCompany directors (excluding outside directors): number of recipients and number of shares allocated Not disclosed
Total Stock-Based Compensation¥310,000,000 (amount reasonably expected as the aggregate payment amount)
Procedures under the Corporate Code of ConductThe introduction of this plan was approved at the 61st Annual General Meeting of Shareholders held on 15 June 2023
Items this document does not state (22)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended 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 considerationUnderwriter / 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.

The company will dispose of treasury shares to its directors again this fiscal year as stock compensation under the restricted stock compensation plan approved for introduction at the 61st Annual General Meeting of Shareholders held on 15 June 2023. Details will be disclosed once decided.

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 Disposal of Treasury Shares as Restricted Stock-Based Compensation for Directors | MISUMI Group Inc. (9962) timely disclosure | Komori