HOKKO CHEMICAL INDUSTRY CO.,LTD. [4992.T]
TOKYO, Apr 21 (Pulse News Wire) – Hokko Chemical Industry CO.,LTD. (4992.T) resolved today to issue restricted shares to its employee holding association, Hokko Chemical Employees' Holding Association (the “Association”), based on its incentive program.
The resolution was made during a board meeting held . Key details of the share issuance include: - Issuance date: August 31, 2026 - Share type: Ordinary shares - Number of shares: Up to 15,000 ordinary shares per eligible employee, totaling up to 15,000 shares assuming all 750 employees participate - Price per share: ¥1,780 - Total amount: ¥26.7 million Under this program, eligible employees will contribute cash bonds equivalent to the value of 20 restricted shares each through the Association. The Association will then invest these funds back into the company to acquire the restricted shares.
The shares will be subject to restrictions on transfer until August 31, 2031. The purpose of this initiative is to enhance employee welfare and incentivize long-term growth by aligning their interests with those of shareholders. The dilution impact of issuing these shares is estimated at 0.05% compared to the total outstanding shares as of November 30, 2025.
Additionally, the company noted that the issuance complies with regulatory requirements and does not necessitate additional shareholder approval due to the low dilution rate of less than 25%.
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