TOKYO, Apr 10 (Pulse News Wire) – Sun Messe CO.,LTD. (7883.T) resolved today to distribute its own shares to employees through a third-party allocation scheme.
The distribution, set to occur on May 20, involves up to 10,100 ordinary shares at a price of ¥363 per share, totaling up to ¥3.7 million. The shares will be allocated to the Sanmesse Employee Holding Association, which will purchase them using special incentive funds provided to eligible employees who have worked for 10, 20, 30, or 40 years. This initiative aims to enhance employee asset formation and participation in the company's governance. The dilution impact is minor, representing approximately 0.06% of the outstanding shares as of March 31, 2026, and 0.07% of total voting rights.
The allocation price was determined based on the closing price of Sun Messe’s stock on the Tokyo Stock Exchange on April 9, 2026, which was ¥363. This price reflects a deviation rate of -1.09% compared to the simple average closing prices over the past month, -1.09% over three months, and 0.55% over six months. The company's audit committee confirmed the fairness and reasonableness of this pricing method. As the dilution ratio does not exceed 25%, no additional shareholder approval procedures are required according to the Tokyo Stock Exchange regulations.
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