AVAL DATA Completes Employee Share Incentive Plan Issuance Amid Partial Dilution

TOKYO, Jul 31 (Pulse News Wire) – Aval Data Corporation (6918.T) completed the issuance of restricted share incentives for its employee stock ownership plan. Initially planned to issue 23,500 common shares, the company adjusted the number due to partial dilution.

The revised issuance involved distributing a total of 18,100 common shares at a price of ¥3,645 per share, resulting in a total amount of ¥66.0 million. The allocation was made through third-party allotment methods directed towards Abaaruguruupu Shain Mochikabu and Abaaruguruupu Shain Mochikabu.

The changes in the number of shares and total issuance value stemmed from the final count of participating members agreeing to the restricted share incentive program.