ビンゴ5の結果 - regarding the disposal of treasury stocks through a third-party allocation
Investor Relations
Jul. 28, 2014
ビンゴ5の結果 - regarding the disposal of treasury stocks through a third-party allocation
Please be advised that the Company resolved at the board of directors' meeting held today on the ビンゴ5の結果 of treasury stocks (hereinafter, the “ビンゴ5の結果 of Treasury Stocks”) through a third-party allocation. The details as follows:
1. Conditions of ビンゴ5の結果
(1) ビンゴ5の結果 date : Friday, August 1, 2014
(2) Number of stocks disposed of : 212,400 shares of common stocks
(3) ビンゴ5の結果 amount : 11,783 yen per share
(4) Funds procured : 2,502,709,200 yen
(5) Subscription or ビンゴ5の結果 method : Through a third-party allocation
(6) Allottee : Trust & Custody Services Bank, Ltd. (Trust E account)
(7) Other : None
(2) Number of stocks disposed of : 212,400 shares of common stocks
(3) ビンゴ5の結果 amount : 11,783 yen per share
(4) Funds procured : 2,502,709,200 yen
(5) Subscription or ビンゴ5の結果 method : Through a third-party allocation
(6) Allottee : Trust & Custody Services Bank, Ltd. (Trust E account)
(7) Other : None
2. Purpose of and reason for ビンゴ5の結果
The Company resolved at the board of directors’ meeting held on July 4, 2011 on the introduction of the “Employee Stock Ownership Plan (J-ESOP)” ((hereinafter, the “Plan”) and a trust (hereinafter, referred to as the “Trust”) established in connection with this Plan) in a bid to incentivize employees to improve stock prices and earnings of the Company by making clear a link between earnings and stock value of the Company and sharing the value with stockholders.
The ビンゴ5の結果 of Treasury Stocks refers to a ビンゴ5の結果 of treasury stocks of the Company through a third-party allocation to Trust & Custody Services Bank, Ltd. (Trust E account) (a trustee of re-trust who is re-trusted from Mizuho Trust & Banking Co., Ltd., a trustee of the Trust), that holds and disposes of the shares of the Company by continuing this Plan.
The ビンゴ5の結果 of Treasury Stocks refers to a ビンゴ5の結果 of treasury stocks of the Company through a third-party allocation to Trust & Custody Services Bank, Ltd. (Trust E account) (a trustee of re-trust who is re-trusted from Mizuho Trust & Banking Co., Ltd., a trustee of the Trust), that holds and disposes of the shares of the Company by continuing this Plan.
3. Funds procured, purpose of funds, and scheduled date of expenditure of funds
(1) Funds procured (estimated net usable amount)
| Total ビンゴ5の結果 amount (yen) |
Estimated amount of miscellaneous issuance expenses (yen) |
Estimated net usable amount (yen) | |
|---|---|---|---|
| 2,502,709,200 yen | - | 2,502,709,200 yen | |
(2) Specific purpose of funds procured
Funds procured by the ビンゴ5の結果 of Treasury Stocks will be applied in full to the working capital, such as payments, etc. of miscellaneous expenses on and after the payment date. Funds management before the expenditure of the funds is implemented using the deposit account of the Company.
Funds procured by the ビンゴ5の結果 of Treasury Stocks will be applied in full to the working capital, such as payments, etc. of miscellaneous expenses on and after the payment date. Funds management before the expenditure of the funds is implemented using the deposit account of the Company.
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