Adeka Completes Share Repurchase for Restricted Stock Awards

TOKYO, Jul 17 (Pulse News Wire) – Adeka Corporation (4401.T) has completed the share repurchase process related to restricted stock awards as decided in its June 19 board meeting. The transaction involved the repurchase of 71,700 ordinary shares at a price of ¥4,119 per share, totaling ¥295.3 million.

The shares were allocated through a specific restricted transfer method, with the fulfillment of capital contributions made via monetary compensation securities. Four non-executive directors and twenty non-executive officer executives participated in the allocation, receiving a total of 22,800 and 48,900 shares respectively.

This concludes the detailed report on the restricted stock award share repurchase process initiated . For further details, please refer to the June 19 press release titled “Notice Regarding the Disposal of Own Shares as Restricted Stock Awards.”.