TOKYO, Jun 23 (Pulse News Wire) – DTS Corporation (9682.T) resolved today to issue restricted shares to its employees through its employee holding plan, DTS Holdings (hereinafter referred to as "the holding plan"). The resolution was made based on the employee share issuance program established on November 25, 2022.
Key details of the share issuance include: - Issuance date: July 24, 2026 - Number of shares: Up to 204,702 ordinary shares (based on the assumption that up to 3,247 employees join the plan) - Price per share: ¥977 - Total amount: ¥200.0 million The issuance will be conducted through a third-party allocation method, contingent upon applications submitted by the holding plan within the allocated number of shares. Each eligible employee's share allotment will depend on their grade level within the company, ranging from a maximum of 16 shares for top-tier employees to 40,664 shares for lower-level staff. This initiative aims to support employee wealth creation while fostering long-term value enhancement and shared interest alignment among shareholders and employees. Under the program, special incentives in the form of monetary bonds will be granted to participating employees who contribute these funds to the holding plan. In turn, the holding plan will invest these contributions back into the company to acquire restricted shares.
Additionally, the company and the holding plan will enter into a restricted share allocation agreement, which includes restrictions on transferring shares for a certain period and provisions for acquisition by the company under specific conditions. The issuance price will be determined based on the closing price of DTS Corporation’s ordinary shares on the Tokyo Stock Exchange on the day preceding the board meeting decision, ensuring fairness and reasonableness. The dilution impact of this issuance is estimated at approximately 0.12%, assuming full participation by all eligible employees. This calculation is based on the total outstanding shares as of March 31, 2026, totaling 163,954,928. The agreement also requires modifications to the holding plan regulations to take effect prior to the issuance date and completion of the allocation contract between the company and the holding plan during the application period.
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