Daiwa Securities Group Adjusts Employee Share Grant Details

TOKYO, Jul 22 (Pulse News Wire) – Daiwa Securities Group Inc. (8601.NG) completed the subscription process for employee share grants through its holding association, Daiwa Holding Association,.

As a result of partial delisting, the number of shares to be distributed was adjusted from 891,034 ordinary shares to 813,381 ordinary shares, with the price per share remaining at ¥1,517. The total value of the distribution decreased from ¥1.352 billion to ¥1.234 billion. The allocation method remains unchanged, still utilizing the third-party allotment approach.

Shares will be transferred to the Daiwa Holding Association, which now includes 813,381 members compared to 891,034 previously. This adjustment follows the conclusion of promotional activities aimed at encouraging employees to join the holding association, leading to a finalized membership count. The company expects the impact on its current performance to be minor.