Stanley Electric Co.,Ltd. [6923.T]
TOKYO, Jun 25 (Pulse News Wire) – Stanley Electric CO.,LTD. (6923.T) announced that it will dispose of its own shares as part of an executive compensation program.
The disposal, scheduled for July 14, 2026, involves ordinary shares totaling 200,000. Each share will be sold at ¥3,545 per share, resulting in a total amount of ¥709 million. The shares will be transferred to Mitsubishi UFJ Trust and Banking Corporation through Japan Master Trust Bank (Role Remuneration BIP Trust Account). This action aims to enhance the contribution of directors towards stock price appreciation and shareholder value, aligning their interests more closely with those of shareholders.
The number of shares to be disposed of represents a dilution rate of 0.16% based on the outstanding shares as of March 31, 2026 (1,227,586 voting rights units). The board determined the disposal price based on the closing price on the Tokyo Stock Exchange on June 24, 2026, which was ¥3,545 per share. All five audit committee members, three of whom are external auditors, confirmed the fairness of the pricing method used. No additional procedures are required according to the Tokyo Stock Exchange's listing regulations due to the low dilution rate of less than 25% and the absence of changes in controlling shareholders.
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