Tohoku Electric Power Company Electric to Sell Shares for Executive Compensation Plan

TOKYO, Jul 29 (Pulse News Wire) – Tohoku Electric Power Company,incorporated (9506.T) announced that its board of directors on July 29 decided to sell 635,200 ordinary shares through a private placement to Nippon Mitsubishi UFJ Trust and Banking Corporation (Role Remuneration BIP Trust Account). The sale is set for August 18, with each share priced at 1,¥164, totaling 739,372,¥800.

This transaction is part of the company's ongoing performance-linked equity compensation program aimed at aligning executive remuneration with company performance and stock value. The shares will be distributed according to the company’s share issuance regulations to executives during the trust period.

The dilution ratio is expected to be 0.１３%, based on the total number of outstanding shares as of March 31, 2026 (4,984,527 voting rights units). The company believes the impact on the stock market will be minimal since the shares will not immediately enter the open market.

Additionally, the audit committee confirmed that the pricing basis was reasonable and did not offer preferential treatment.