www.hayashikane.co.jp/_assets/dl/ir/84/ir220715.pdf

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林兼産業株式会社 譲渡制限付株式報酬に関するお知らせ

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This document informs about the resolution made by Hayashikane Sangyo Co., Ltd. during its board meeting on July 15, 2022, regarding the disposal of treasury shares as a restricted stock compensation. A total of 29,400 shares of common stock will be disposed of at a price of 480 yen per share, amounting to a total of 14,112,000 yen. The restricted stock compensation system aims to enhance the motivation of full-time directors to share the benefits and risks of stock price fluctuations with shareholders and contribute to the improvement of corporate value. The document provides detailed explanations of the purpose of the disposal, the outline of the allocation contract, and the basis for calculating the payment amount.