Maxell : Notice on decision of matters relating to acquisition of shares in share-based remuneration system
April 26, 2019 at 02:16 am EDT
Share
FOR IMMEDIATE RELEASE
Notice on decision of matters relating to acquisition of shares
in share-based remuneration system
Tokyo, April 26, 2019-Maxell Holdings, Ltd. (TSE: 6810) has resolved about introduction of share-based remuneration system (hereinafter "the System", and hereinafter the trust utilized for the System is referred to as "the Trust") for the Company's Directors (excluding Outside Directors and Directors who serve as Audit and Supervisory Committee Members; the same shall apply hereinafter) at the Board of Directors held on April 27, 2018 and the introduction of the System has been approved at the 72nd Annual General Meeting of Shareholders held on June 26, 2018. Regarding this, the Company has resolved about the matters relating to acquisition of shares to be executed by the trustee of the Trust at the Board of Directors held today as follows.
1. Outline of the Trust
(1)
Name
Share delivery trust for Directors
(2)
Settlor
The Company
(3)
Trustee
Sumitomo Mitsui Trust Bank, Limited
(Trustee in the re-trust: Japan Trustee Services Bank, Ltd.)
(4)
Beneficiaries
The Company's Directors that meet the beneficiary requirements
(5)
Trust administrator
A third party who no interest in the Company and its directors is to be
appointed.
(6)
Exercise of voting rights
Voting rights of the Company's shares held in the Trust shall not be
exercised throughout the trust period.
(7)
Type of trust
Money held in trust other than monetary trust (third party benefit
trust)
(8)
Date of trust agreement
May 7, 2019 (scheduled)
(9)
Date of entrusting
May 7, 2019 (scheduled)
money
(10)
Date of termination of
End of August 2021 (scheduled)
trust
2. Matters relating to acquisition of shares of the Company by trustee of the Trust
(1)
Type of shares to be acquired
Common stock
(2)
Amount of money the Company to
40 million yen
entrust as fund for acquiring shares
(3)
Number of shares to be acquired
20,000 shares (upper limit)
(4)
Method of acquiring shares
Purchase on the stock exchange
(5)
Period of acquiring shares
From May 7, 2019 to May 8, 2019 (scheduled)
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Disclaimer
Hitachi Maxell Ltd. published this content on 26 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2019 06:12:20 UTC
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
MAXELL, LTD. 
