BIKE O & COMPANY Ltd. [3377.T]
TOKYO, Apr 14 (Pulse News Wire) – BIKE O & COMPANY Ltd. (3377.T) resolved today to dispose of its own shares through a third-party allocation.
The disposal will take place on April 30, 2026, involving 400,000 ordinary shares at a price of ¥398 per share, totaling ¥159.2 million. The shares will be transferred to Nomura Trust & Banking Co., Ltd. (Trust Account). This transaction is part of the company's incentive plan aimed at boosting long-term performance and increasing enterprise value among employees. As of Nov 30, 2025, the number of shares to be disposed represents approximately 2.76% of the total outstanding shares, or __NUM_10__ of the total voting rights, rounded to three decimal places. The company introduced the Employee Share Grant Trust Program in fiscal 2022, which was amended subsequently.
The program involves transferring shares to a trust managed by Resona Bank, with Nomura Trust & Banking Co., Ltd. acting as the trustee. The purpose of this latest share disposal is to continue funding the trust, ensuring ongoing employee incentives. The company believes the impact on the circulating market will be minimal due to the reasonable scale of the disposal and dilution. In determining the disposal price, BIKE O & COMPANY adopted the closing price of its stock on the Tokyo Stock Exchange on the day prior to the board resolution, which was 2026４13. This approach ensures fairness and,-1.49%-1.49%-2.21%, Given that the dilution rate is below 25% and there is no change in controlling shareholders, BIKE O & COMPANY does not need to seek independent third-party opinions or shareholder approval according to the Tokyo Stock Exchange regulations.
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