November 6, 2017 Sumitomo Seika Chemicals Co., Ltd.
Announcement of Shareholder Benefit Program IntroductionSumitomo Seika Chemicals Co., Ltd. ("the Company") today announced that its Board of Directors has resolved at a meeting held on November 6, 2017 the introduction of a shareholder benefit program as follows;
Purpose of the shareholder benefit program introduction
The Company has decided to introduce a shareholder benefit program not only to recognize and appreciate its shareholders' unchanged support, but also to enhance the value of investment in the Company's shares so that as many a shareholder as possible will be willing to hold the Company's shares over the medium to long term.
Outline of the program
Eligibility
All shareholders who, as of March 31 and September 30 every year, "have continuously held the Company's shares for six months or longer" are eligible, effective March 31, 2018,.
Shareholders are deemed to "have continuously held the Company's shares for six months or longer" if they are registered in the Company's shareholder registry with the same shareholder number for at least two consecutive times as of March 31 and September 30.
Notwithstanding the above, those shareholders who are registered in the Company's shareholder registry current as of March 31, 2018 are eligible and will receive benefits in early June 2018, regardless of whether or not they "have continuously held the Company's shares for six months or longer."
The benefits
Number of shares held
Holding period
Benefits
100 shares (one unit) or more
Six months or longer
¥1,000 gift certificate (QUO Card)
When to deliver the benefits
When to commence the program
The benefits will be sent in early June every year to each eligible shareholder registered as of March 31 and in early December each year to those registered as of September 30.
The shareholder beneift program will commence on March 31, 2018 for shareholders whose names are stated or recorded in the Company's shareholder registry current as of March 31, 2018 and who hold 100 shares (1 unit) or more of the Company'.
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