Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
April 25, 2025
For immediate release
Company: Nitta Corporation
Representative: Seiichi Kitamura, President
Code: 5186; Prime Market, Tokyo Stock Exchange
Contact: Koichi Kakegami, Director, Executive Officer,
and General Manager of Corporate Center
Tel: +81-6-6563-1211
Notice of Completion of Payment Procedure Regarding Disposal of Treasury Shares as Restricted Share-Based
Remuneration to Executive Officers
Nitta Corporation (the "Company") hereby announces that the payment procedure for the disposal of treasury shares as restricted stock ("Treasury Share Disposal"), in accordance with the resolution adopted at the meeting of the Board of Directors held on April 4, 2025, was completed on April 25, 2025, as follows. For details, please refer to the release, "Notice of Disposal of Treasury Shares as Restricted Share-Based Remuneration to Executive Officers" dated April 4, 2025.
Outline of the disposal
(1) Payment date | April 25, 2025 |
(2) Class and number of shares to be disposed | The Company's common stock 3,585 shares |
(3) Disposal amount | 3,640 yen per share |
(4) Total disposal amount | 13,049,400 yen |
(5) Allottees | 3 Executive Officers 3,585 shares |
(6) Other | No securities notice and extraordinary report under the Financial Instruments and Exchange Act have been submitted, because the Treasury Share Disposal is attached with the condition to the effect that the Executive Officers who will be allotees will be prohibited from transferring the shares until the Company files the semi-annual securities report for the business year to which the day the allottees will receive the delivery of the shares belongs, and because the total disposal amount is less than 100 million yen. |