Oji : Notice Concerning Additional Entrustment for the Stock-Based Remuneration Plan
November 05, 2019 at 01:25 am EST
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November 5, 2019
Company Name:
Oji Holdings Corporation
Representative:
Masatoshi Kaku,
President and Chief Executive Officer
Enquiries:
Atsushi Sekiguchi,
General Manager, General Affairs Department
Notice Concerning Additional Entrustment for the Stock-Based Remuneration Plan
Oji Holdings Corporation (hereinafter the "Company") hereby announces that a decision was made at a meeting of the Board of Directors held on November 5, 2019 to entrust additional money for the trustee to acquire additional shares of the Company for the stock-based remuneration plan (hereinafter the "Plan") introduced on August 23, 2016 for directors of the Company (excluding outside directors; the same shall apply hereinafter). The details are as follows.
See the press release "Notice Concerning Determination of Details for Performance-Linked,Stock-Based Remuneration Plan" dated August 2, 2016 for an overview of the Plan.
1. Board Benefit Trust adopted by the Company
(1) Name
Board Benefit Trust
(2) Entrustor
The Company
(3) Trustee
Sumitomo Mitsui Trust Bank, Limited
(Re-trusted to Japan Trustee Services Bank, Ltd.)
(4) Beneficiaries
The Company's directors who meet the beneficiary requirements
(5) Trust administrator
Selected from third parties that are independent of the Company and
the Company's directors
(6) Type of trust
Money trust other than cash trusts (third party benefit trust)
(7) Date of execution of
August 23, 2016
the trust agreement
(8) Date on which money will be
November 21, 2019 (scheduled)
additionally entrusted
(9) Trust termination date
August 30, 2022
(scheduled)
2. The Company's shares to be additionally acquired for the trust
(1) The type of shares to be acquired
The Company's common shares
(2) The amount of additional funds for acquiring the
576,884,900 yen
shares
(3) The number of shares to be acquired
1,035,700 shares
(4) The method of acquiring the shares
Disposition of the Company's treasury stock (third
party allotment)
(5) Date on which the shares are to be acquired
November 21, 2019 (scheduled)
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Disclaimer
Oji Holdings Corporation published this content on 05 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2019 06:24:07 UTC
Oji Holdings Corporation specializes in production and marketing of papers. Net sales break down by activity as follows:
- household and industrial products (40.2%): corrugated cardboard, cardboard packaging, packaging papers, sanitary papers, disposable diapers, paper bags, etc.;
- graphic papers (14%): newsprint, printing and writing paper, fine paper, carbonless paper, etc.;
- lumber and pulp (18.1%). The group is also engaged in electricity generation activity;
- functional paper (10.6%): speciality paper, thermal paper, self-adhesive paper, film paper, etc.;
- other (17.1%).
Japan accounts for 66.5% of net sales.
OJI HOLDINGS CORPORATION 
