TOKYO, Apr 02 (Pulse News Wire) – TOENEC CORPORATION (1946.T) completed the payment procedures for its employee share incentive program involving restricted stock transfers on April 02, 2026. Originally planned to distribute 663,800 shares, the total number of shares was adjusted due to partial dilution, resulting in changes to the overall distribution amount.
Details of the transaction are outlined below: 1. Overview of Share Distribution (Underlined sections indicate changes): - Distribution Date: April 02, 2026 - Type of Shares: Ordinary shares of TOENEC CORPORATION - Number of Shares: 634,600 (previously 663,800 shares) - Price per Share: ¥1,855 (previously ¥1,855) - Total Amount: ¥1.177 billion (previously ¥1.231 billion) - Method of Distribution: Third-party allocation method - Allocation Recipient: Tooenekku Juugyouin Mochikabu Kai (634,600) (previously Tooenekku Juugyouin Mochikabu Kai 663,800 shares) 2.
Reasons for Changes: The adjustments in the number of shares and total distribution amount were made due to the final determination of the number of members agreeing to participate in the employee share incentive program. For more detailed information, refer to the previous announcement dated November 26, 2025, titled "Notice Regarding Restricted Stock Incentives for Employee Holding Association." This concludes the update on the share distribution process.
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