Sumitomo Seika Chemicals Company,Limited. [4008.T]
TOKYO, Jul 07 (Pulse News Wire) – Sumitomo Seika Chemicals Company,limited. (4008.T) corrected details of its share issuance previously disclosed on June 29.
The corrections pertain to the issuance amount and price per share. Originally, the company planned to issue shares worth ¥33.8 million with a price of ¥1,289 per share, payable on July 28, 2026, to four directors and five executive officers who do not concurrently hold director positions. After reviewing the initial disclosure, the company identified errors and revised the figures.
Now, the total issuance value is set at ¥32.9 million, with the price adjusted to ¥1,289 per share. The issuance remains scheduled for July 28, 2026, and will still be distributed among the same group of recipients. This correction follows the approval of the compensation committee's review, which determined the allocation based on the seniority and responsibilities of the executives involved.
The revised plan adheres to the existing equity-based remuneration framework, ensuring alignment with governance standards and incentivizing performance through stock grants.
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