Source disclosure: January 30, 2026
Katakura & Co-op Agri Corporation [4031.T]
TOKYO, Jan 30 (Pulse News Wire) – Katakura & Co-op Agri Corporation (4031.T) announced today that its board of directors resolved to sell ordinary shares through a private placement to a third party on February 17, 2026. The sale involves 1,000,000 shares at ¥1,000 per share, totaling ¥1,000,000,000.
The shares will be transferred to Nippon Custodian Bank (Trust E Account) to fund the company's equity compensation plan known as Board Benefit Trust (BBT). This transaction is part of the ongoing implementation of the BBT program introduced in June 2017 based on resolutions made at the annual general meeting held on June 28, 2017. The purpose of the share issuance is to secure future payouts under the BBT scheme, which provides stock grants to executives and senior officers as remuneration for their services.
The number of shares to be sold represents two fiscal years' worth of expected grants, accounting for approximately 0.001% of the total outstanding shares as of September 30, 2025. The selling price was determined based on the closing price of the company’s ordinary shares on the Tokyo Stock Exchange, the day preceding the board resolution. Additionally, the price reflects average prices over recent months, ensuring fairness and reasonableness according to independent director opinions presented during the board meeting.
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