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. | |
July 24, 2024
To whom it may concern
Company: Nitta Corporation
Representative: Yasunori Ishikiriyama, 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 Share-Based
Remuneration to Directors and 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 June 25, 2024, was completed on July 24, 2024, as follows. For details, please refer to the release, "Notice of Disposal of Treasury Shares as Share-Based Remuneration to Directors and Executive Officers," dated June 25, 2024.
Outline of the disposal
(1) | Payment date | July 24, 2024 |
(2) | Class and number of shares to be disposed | The Company's common stock 13,957 shares |
(3) | Disposal amount | 4,105 yen per share |
(4) | Total disposal amount | 57,293,485 yen |
(5) | Allottees | 5 Directors (*) and 5 Executive Officers 13,957 shares |
*Excluding Outside Directors. | ||
No securities notice and extraordinary report under the | ||
Financial Instruments and Exchange Act have been | ||
submitted, because this Treasury Share Disposal is | ||
attached with the condition to the effect that the | ||
(6) | Other | Directors, etc. who will be allotees will be prohibited |
from transferring the shares for a period of more than | ||
three months after the lapse of 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. | ||