TOKYO, Mar 10 (Pulse News Wire) – Daido Metal CO.,LTD. (7245.T) decided to issue restricted shares to its employee holding association, Daido Metal Employees' Holding Association, based on a resolution made.
The issuance will take place on October 27, 2026, involving up to 322,800 ordinary shares, assuming all eligible employees join the association and agree to the program. The total amount of the share issuance is estimated at 324.4 million based on the closing price of Daido Metal's ordinary shares on the Tokyo Stock Exchange on March 9, 2026, which was set at ¥1,005 per share. This initiative aims to enhance employee welfare and promote long-term value creation within the company.
The diluted share count resulting from this issuance would represent approximately 0.68% percent of the outstanding shares as of September 30, 2025, totaling 47,520,253 shares. Additionally, the company believes this move aligns with its strategy to foster greater alignment between employees and shareholders while contributing positively to the group’s overall enterprise value. The restricted shares will come with certain limitations, such as a prohibition on transferring the shares during the restriction period from October 27, 2026, until October 31, 2030.
Exceptions include situations where employees retire due to normal retirement age or other legitimate reasons, relocate overseas, or engage in illegal activities during the restriction period, leading to automatic forfeiture of their shares to the company without compensation.
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