TOKYO, May 11 (Pulse News Wire) – Kobe Steel,ltd. (5406.T) resolved at its board meeting today to make additional cash contributions to its Board Benefit Trust (BBT).
The contribution, amounting to ¥1.080 billion, will take place on May 25, 2026, within the scope approved at the 171st Ordinary General Meeting of Shareholders held on June 19, 2024. This move aims to secure funds necessary for future payouts under the trust agreement established with Mizuho Trust Bank Co., Ltd.
According to the resolution, up to 4,280,000 shares of the company's common stock will be acquired through open-market purchases from May 25, 2026, until June 04, 2026. For more detailed information on the BBT program, shareholders should refer to the press release dated April 28, 2016, and the business report included in the notice for the 172nd Ordinary General Meeting of Shareholders.
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