Business
Asahi Net : Notice Concerning Disposal of Treasury Shares as Restricted Stock Compensation
Asahi Net : Notice Concerning Disposal of Treasury Shares as Restricted Stock
About this update from Asahi Net, Inc.
[{"type":"text","content":"\n June 25, 2025\n \n \n To whom it may concern\n \n Company name:\n \n \n Asahi Net, Inc.\n \n \n Name of\n \n \n representative:\n \n \n Representative Director, President\n \n \n and Corporate Officer\n \n \n Jiro Hijikata\n \n \n (Code: 3834, TSE Prime)\n \n \n Inquiries:\n \n \n Executive Director, Senior Corporate Officer\n \n \n Masaru Komatsu\n \n \n (TEL: 03-3541-8311)\n \n Notice Concerning Disposal of Treasury Shares as Restricted Stock Compensation\n \n \n \n Asahi Net, Inc. (the \"Company\") hereby announces that it has resolved, at a meeting of the Board of Directors held on June 25, 2025, to dispose of treasury shares as restricted stock compensation (the \"Disposal of Treasury Shares\" or \"Disposal\"). Details are as follows.\n \n \n Overview of disposal\n \n (1) Date of disposal\n \n \n July 23, 2025\n \n \n (2) Class and number of shares to be disposed of\n \n \n Common shares of the Company 66,000 shares\n \n \n (3) Disposal price\n \n \n ¥687 per share\n \n \n (4) Total amount of disposal price\n \n \n ¥45,342,000\n \n \n (5) Each allottee of shares, the number of allottees and the number of shares to be\n \n \n allotted to each allottee\n \n \n Director (Excluding Directors who are Audit and Supervisory Committee Members and Outside Directors)\n \n \n Corporate Officer\n \n \n 3 persons 36,000 shares\n \n \n 8 persons 30,000 shares\n \n Purpose and reason for disposal\n \n \n At a meeting of the Board of Directors held on May 8, 2018, the Company resolved to introduce a new Restricted Stock Compensation Plan (the \"Plan\") for the purpose of providing the Company's Directors (excluding Outside Directors; hereinafter referred to as \"Eligible Directors\") and Corporate Officers (hereinafter collectively referred to as \"Eligible Directors, etc.\") with incentives to continuously enhance the Company's corporate value, and further sharing value between Eligible Directors, etc. and shareholders. In line with the transition to a company with an audit and supervisory committee, a restricted stock compensation plan for directors (excluding Directors who are Audit and Supervisory Committee Members and Outside Directors) was resolved at the 32th Annual General Meeting of Shareholders held on June 28, 2022 with the same content.\n \n \n At the 32th Annual General Meeting of Shareholders held on June 28, 2022, approva...