Business
ZERO : Notice Regarding Disposal of Treasury Stock through Third-Party Allotment inConnection with Additional Contributions to the Stock Benefit Trust (BBT and BBT-RS)
ZERO : Notice Regarding Disposal of Treasury Stock through Third-Party Allotment inConnection with Additional Contributions to the Stock Benefit Trust (BBT
About this update from Zero Co., Ltd.
Confidential Notice Regarding Disposal of Treasury Stock through Third-Party Allotment in Connection with Additional Contributions to the Stock Benefit Trust (BBT and BBT-RS) August 7, 2025 Company name: ZERO CO., LTD. Code No: 9028 (Tokyo Stock Exchange Standard Section) Representative: CEO & President - Toshihiro Takahashi Contact for Inquiries: Corporate Officer, General Manager of Corporate Strategy Division -Takashi Date Telephone: +81-44-520-0106 ZERO CO., LTD. (hereinafter, "the Company") hereby announces that at the meeting of the Board of Directors held today, the Company resolved, as outlined below, to dispose of treasury stock through a third-party allotment (hereinafter, the disposal of treasury stock related to the BBT scheme, as defined later, is referred to as "the Disposal of Treasury Stock (BBT)"; the disposal of treasury stock related to the BBT-RS scheme, as defined later, is referred to as "the Disposal of Treasury Stock (BBT-RS)"; and both shall be referred to collectively as "the Disposal of Treasury Stock"), and hereby announces the same. Formally, the Disposal of Treasury Stock is to be conducted by allotting shares to Custody Bank of Japan, Ltd. (Trust Account E), the re-trustee who has received a re-entrustment from the trustee, Mizuho Trust & Banking Co., Ltd., with whom we have entered into trust agreements concerning the stock compensation schemes "Board Benefit Trust (BBT)" (hereinafter, the "BBT scheme") and "Board Benefit Trust-Restricted Stock (BBT-RS)" (hereinafter, the "BBT-RS scheme"; together with the BBT scheme, the "Schemes"), respectively, and the trust established thereunder (hereinafter, the "Trust"). However, the Disposal of Treasury Stock is, in substance, equivalent to allotting shares as compensation for services rendered to the Company and its subsidiaries to the Company's directors (excluding those who concurrently serve as executive officers of the parent company and outside directors), auditors (excluding outside auditors), corporate officers, and directors of subsidiaries (excluding outside directors) (hereinafter referred to as the "Eligible Directors, etc."). １．Outline of the disposition （１） Disposition date Monday August 25, 2025 （２） Class and number of shares to be disposed of 295,400 shares of common stock of the Company （３） Disposition Price 3,380 yen per share （４） Total disposition value 99...