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. The Company assumes no responsibility for this translation or for direct, indirect, or any other forms of damages arising from this translation.
December 24, 2021
To Whom It May Concern,
Company name: Valuence Holdings Inc.
Representative: Shinsuke Sakimoto, Representative Director
(Securities Code: 9270; TSE Mothers)
Contact:Shinichiro Sato, Director and CFO
(Phone +81-3-4580-9983)
Announcement Concerning Completion of Disposal of Treasury Shares
as Restricted Stock Compensation and Partial Forfeiture
Valuence Holdings Inc. (hereinafter the "Company") hereby announces today as below that the payment procedures for the disposal of treasury shares as restricted share compensation, announced on November 25, 2021, was completed and that the number of shares to be disposed of has been changed from the initially planned number due to partial forfeiture. Please refer to the "Notice Concerning Disposal of Treasury Stock as Compensation for Restricted Stock Transfer" for details of this matter, dated November 25, 2021.
1. Changes in the Outline of the Disposal of Treasury Shares (changes are underlined)
After Changes | Before Changes | ||
(1) | Disposal deadline | December 24, 2021 | December 24, 2021 |
(2) | Type and number | 42,800shares of common stock | 43,800shares of common stock |
of shares to be | |||
disposed | |||
(3) | Disposal price | 2,799 yen per share | 2,799 yen per share |
(4) | Total disposal | 119,797,200yen | 122,596,200yen |
amount | |||
(5) | Allottees | Directors of the Company (excluding | Directors of the Company (excluding |
Directors who are Audit & | Directors who are Audit & | ||
Supervisory Committee Members | Supervisory Committee Members | ||
and Outside Directors): | and Outside Directors): | ||
24,500 shares to be allotted to three | 24,500 shares to be allotted to three | ||
1 |
persons
Management employees of the Company: 6,200 shares to be allotted to 11 persons
Directors of subsidiaries of the Company: 3,900 shares to be allotted to five persons
Management employees of subsidiaries of the Company: 8,200shares to be allotted to 13 persons
persons
Management employees of the Company: 6,200 shares to be allotted to 11 persons
Directors of subsidiaries of the Company: 3,900 shares to be allotted to five persons
Management employees of subsidiaries of the Company: 9,200shares to be allotted to 15 persons
2. Reasons for change
The difference between the planned and the actual number of shares to be disposed of is due to a change
in the number of eligible allottees. A total of two potential allottees declined the allotments, which resulted in the forfeiture of their allotment rights.
3. Effect on financial results
The matter has a limited effect on the consolidated financial results of the Company.
2