AIDA Engineering to Sell Shares for Additional Trust Funding

TOKYO, Aug 07 (Pulse News Wire) – Aida Engineering,ltd. (6118.T) decided to sell ordinary shares worth ¥354.8 million to fund additional contributions to its Board Benefit Trust (BBT).

The sale, scheduled for August 31, involves disposing of 285,400 shares at ¥1,243 per share. The shares will be transferred to Nippon Custodian Bank Co., Ltd. (Trust E Account). This move follows resolutions made during a board meeting held on August 7.

The purpose of the disposal is to ensure sufficient stock for future payouts under the BBT program, which was introduced based on shareholder approvals in June 2017 and June 2025. According to the company's regulations, the number of shares to be sold corresponds to the anticipated distribution to directors over three fiscal years ending March 2029. As of March 31, 2026, the proposed sale represents 0.49% of the total outstanding shares and voting rights. The trust funding amount is set at ¥354.8 million, and the shares will be acquired through the company’s own share disposition process.

The price per share is determined based on the closing price of AIDA Engineering's ordinary shares on the Tokyo Stock Exchange on the trading day immediately preceding the board resolution date, which was deemed reasonable to reflect the company's fair market value accurately.