Sumitomo Seika Chemicals : Announcement of Shareholder Benefit Program Introduction
November 07, 2017 at 02:29 am
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November 6, 2017 Sumitomo Seika Chemicals Co., Ltd.
Announcement of Shareholder Benefit Program Introduction
Sumitomo Seika Chemicals Co., Ltd. ("the Company") today announced that its Board of Directors has resolved at a meeting held on November 6, 2017 the introduction of a shareholder benefit program as follows;
Purpose of the shareholder benefit program introduction
The Company has decided to introduce a shareholder benefit program not only to recognize and appreciate its shareholders' unchanged support, but also to enhance the value of investment in the Company's shares so that as many a shareholder as possible will be willing to hold the Company's shares over the medium to long term.
Outline of the program
Eligibility
All shareholders who, as of March 31 and September 30 every year, "have continuously held the Company's shares for six months or longer" are eligible, effective March 31, 2018,.
Shareholders are deemed to "have continuously held the Company's shares for six months or longer" if they are registered in the Company's shareholder registry with the same shareholder number for at least two consecutive times as of March 31 and September 30.
Notwithstanding the above, those shareholders who are registered in the Company's shareholder registry current as of March 31, 2018 are eligible and will receive benefits in early June 2018, regardless of whether or not they "have continuously held the Company's shares for six months or longer."
The benefits
Number of shares held
Holding period
Benefits
100 shares (one unit) or more
Six months or longer
¥1,000 gift certificate (QUO Card)
When to deliver the benefits
The benefits will be sent in early June every year to each eligible shareholder registered as of March 31 and in early December each year to those registered as of September 30.
When to commence the program
The shareholder beneift program will commence on March 31, 2018 for shareholders whose names are stated or recorded in the Company's shareholder registry current as of March 31, 2018 and who hold 100 shares (1 unit) or more of the Company'.
End
Sumitomo Seika Chemicals Co. Ltd. published this content on 07 November 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 November 2017 02:28:02 UTC.
Original documenthttp://www.sumitomoseika.co.jp/upImage/en_whatsNew/1510021494_013156900.pdf
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Sumitomo Seika Chemicals Company, Limited. is a Japan-based chemical company. The Company operates in three segments. The Chemical Product segment manufactures and sells industrial chemicals, medical products, functional products, water-soluble polymers and fine-grained polymers. The Water Absorbing Resin segment provides super water absorbing resins. The Gas and Engineering segment is engaged in the manufacture and sale of medical gas, chemical gas, standard gas, electronics gas and industrial chemicals, as well as the design, manufacture and sale of pressure swing absorption (PSA) of oxygen/nitrogen/hydrogen gas generators and general chemical engineering equipment, among others.