Marui : Notice of Completion of Payment for Disposal of Treasury Stock as Restricted Stock and Partial Forfeiture of Rights
April 13, 2023 at 07:15 am
Share
February 28, 2023
Company Name: MARUI GROUP CO., LTD.
Representative Name: Hiroshi Aoi,
President and Representative Director
(Securities Code: 8252, Tokyo Stock Exchange,
Prime Market)
Inquiries: Atsushi Nagasao,
General Manager, Management Planning Department
(TEL: 03-3384-0101)
Notice of Completion of Payment for Disposal of Treasury Stock as Restricted Stock
and Partial Forfeiture of Rights
Marui Group Co., Ltd., hereby announces as follows that the payment procedure for the disposal of treasury stock as restricted stock, which was resolved at the Board of Directors meeting held on August 5, 2022, has been completed today.
The number of shares disposed and the total value of the disposed shares changed from the original announcement due to a partial loss of rights. The changes are shown in the table below.
For further details regarding this matter, please refer to the August 5, 2022, "Announcement on Disposal of the Treasury Stock as Restricted Stock to Our Employees."
1. Changes to the outline of the disposal (changes are underlined)
After change
Before change
(1)
Class and number of
669,600shares of the
686,850shares of the
shares to be disposed
Company's common stock
Company's common stock
of
(2)
Disposal price
2,414 yen per share
2,414 yen per share
(3)
Total disposal value
1,616,414,400yen
1,658,055,900yen
(4)
Parties to acquire the
shares, number of
Employees of the Company,
Employees of the Company,
persons, and number
4,464persons, 669,600shares
4,579persons, 686,850shares
of shares to be
disposed of
(5)
Date of disposal
February 28, 2023
February 28, 2023
2. Reason for the changes
The difference between the planned and actual numbers of shares to be disposed of and employees to whom the shares were allotted is due to 115 persons who were included in the initial number of planned allottees either declining the allotment, or no longer meeting the requirements to be considered an employee eligible to receive an allotment.
3. Future outlook
The changes outlined above will have only a minimal impact on the Company's business results in the current fiscal year.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Marui Group Co. Ltd. published this content on 13 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2023 06:14:03 UTC.
Marui Group Co, Ltd. specializes in retailing. Net sales break down by activity as follows:
- financial services (65.2%): emission of credit cards, consumer credits grant and insurance services;
- retail distribution (34.8%): sale of clothes, decorative items, domestic articles and food products. The group also provides transportation, advertising services, stores maintenance, management and development, etc.