YAMANO HOLDINGS CORPORATION [7571.T]
TOKYO, May 15 (Pulse News Wire) – Yamano Holdings Corporation (7571.T) announced today that its board resolved to sell ordinary shares worth approximately ¥1.2 trillion on June 1, 2026, to fund additional contributions to its Board Benefit Trust (BBT). The sale involves disposing of 150,000 shares at a price of ¥104 per share.
The shares will be transferred to Nippon Custodian Bank (Trust E Account), which holds the trust account established through a contract between Yamano Holdings and Mizuho Trust & Banking Co., Ltd. The purpose of the transaction is to allocate shares to directors, executive officers, and certain subsidiary executives as part of their compensation package under the BBT program. This move aligns with the company’s commitment to maintain reasonable dilution levels, based on calculations made from the average closing prices over three months leading up to the resolution date. The company introduced the BBT program in 2016 and amended it in accordance with legal changes implemented on March 01, 2021.
Further adjustments were approved during the regular shareholders' meeting held on June 29, 2021. Details of the program can be found in previous press releases dated August 21, 2017, and February 15, 2019. This latest decision ensures the continuation of the BBT program by securing necessary shares for future payouts. The total number of shares to be sold represents approximately 0.42% of the outstanding shares as of March 31, 2026, corresponding to the estimated allocation for the next three fiscal years ending March 31, 2028.
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