Stanley Electric Co., Ltd. TSE:6923
Stanley Electric : Notice of the Completion of Payment and Partial Forfeiture for Disposal of Treasury Stock as Restricted Stock Compensation to Executive Officers, Operating Officers and Employees of the Company and Directors of the Company's Domestic Subsidiaries
Source: MarketScreener
February 28, 2025
To whom it may concern
Company name: Stanley Electric Co., Ltd.
Representative: Yasuaki Kaizumi, President and Representative Director
Securities code: 6923 (TSE Prime Market)
Contact: Ikuo Kuwata, Executive Officer, Executive General Manager,
Corporate Administration Division
Tel: +81-3-6866-2222
Notice of the Completion of Payment and Partial Forfeiture for Disposal of Treasury Stock as Restricted Stock Compensation to Executive Officers, Operating Officers and Employees of the Company and Directors of the Company's Domestic Subsidiaries
Stanley Electric Co., Ltd. (hereinafter the "Company") hereby announces that payment for disposal of treasury stock as restricted stock compensation to executive officers, operating officers and employees of the company and directors of the company's domestic subsidiaries, which was resolved at a meeting of the Board of Directors held on November 25, 2024, was completed today.
The Company also announces changes to the number of shares and the total value of shares to be disposed of from the initial plan due to partial forfeiture.
For details of this matter, please refer to "Notice of Disposal of Treasury Stock as Restricted Stock Compensation to Executive Officers, Operating Officers and Employees of the Company and Directors of the Company's Domestic Subsidiaries" on November 25, 2024.
1. Changes to the overview of the disposal (Changes are underlined.)
After change | Before change | ||
(1) | Type and number of | 29,710shares of common stock | 29, 910shares of common stock |
shares to be disposed of | of the Company | of the Company | |
(2) | Disposal price | 2,599.0 yen per share | 2,599.0 yen per share |
(3) | Total value of shares to | 77,216,290yen | 77,736,090yen |
be disposed of | |||
(4) | Allottees of shares, | 11Executive Officers of the | 11Executive Officers of the |
Company: 3,190shares | |||
number of allottees, and | Company: 3,190shares | ||
8Operating Officers of the | |||
number of shares to be | 8Operating Officers of the | ||
Company: 1,600shares | |||
Company: 1,600shares | |||
allotted | 429employees of the | ||
433employees of the Company: | |||
Company: 24,200shares | |||
24,360shares | |||
10Directors of the Company's | |||
11Directors of the Company's | |||
domestic subsidiaries: 720 | |||
domestic subsidiaries: 760shares | |||
shares | |||
(5) | Date of disposal | February 28, 2025 | February 28, 2025 |
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2. Reason for the changes
The difference between the number of expected allottees and the number of shares to be disposed of and the actual numbers is due to the forfeiture of a total of five persons who were expected to be allotted at the time of the decision to dispose of treasury stock but no longer fulfill the requirements for allottees or declined to be allotted at the time of allotment.
3. Future prospects
These changes will have no impact on the results of the current fiscal year.
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