Source disclosure: February 26, 2026, 15:30 JST
METAWATER Co.,Ltd. [9551.T]
TOKYO, Feb 26 (Pulse News Wire) – Metawater CO.,LTD. (9551.T) introduced its employee stock ownership plan (J-ESOP) and approved the issuance of shares through a private placement to Mizuho Trust Bank.
At a board meeting held, the company established regulations for the program and decided to issue up to 60,000 ordinary shares to Mizuho Trust Bank on March 13, 2026, at a price of ¥4,130 per share, totaling ¥247.8 million. Under the new plan, employees will earn points based on their contributions, which can later be converted into company shares. The trust agreement will remain active until the program's continuation, with no fixed termination date.
The issuance of shares is aimed at supporting the operation of the ESOP and ensuring fair distribution among eligible employees. The company determined the issuance price based on the closing price of its shares on the Tokyo Stock Exchange on the day prior to the board resolution. Additionally, the price was calculated considering average prices over recent months, ensuring fairness and reasonableness.
Independent directors confirmed that the pricing was neither particularly favorable nor disadvantageous.
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