Kyoto Financial Group, Inc. [5844.T]
TOKYO, May 14 (Pulse News Wire) – Kyoto Financial Group,inc. (5844.T) resolved today to dispose of its own shares as part of an employee stock ownership plan (ESOP).
The disposal will take place on June 3, 2026, involving ordinary shares totaling 330,000. Each share will be sold at ¥4,484 per share, resulting in a total value of ¥1.480 billion. The shares will be transferred to Nippon Mitsubishi UFJ Trust & Banking Corporation's ESOP trust account for distribution to employees according to the established criteria.
The purpose of this share disposition is to implement an equity-based compensation program aimed at retaining talent and aligning employee interests with those of shareholders. The dilution ratio due to this transaction is expected to be 0.11% based on the outstanding shares of 301,362,752 as of March 31, 2026, which equates to 0.12% of the total voting rights as of the same date. The disposal price was determined based on the closing price of Kyoto Financial Group’s shares on the Tokyo Stock Exchange on May 13, 2026, which was set at ¥4,484.
This approach ensures objectivity and, The dilution rate from this transaction is below 25%, and there is no change in controlling shareholder status, thus eliminating the need for independent third-party opinions or shareholder approval procedures as stipulated by the Tokyo Stock Exchange's listing regulations.
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