Japan Tobacco : Notice Regarding Completion of Payment for Allocation of Treasury Stock
May 25, 2021 at 02:03 am EDT
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FOR IMMEDIATE RELEASE
Tokyo, May 25, 2021
Notice Regarding Completion of Payment
for Allocation of Treasury Stock towards Restricted Stock Remuneration Plan
Japan Tobacco Inc. ("JT") (TSE: 2914) announces today that the payment related to the Allocation of Treasury Stock towards Restricted Stock Remuneration Plan has been completed. The Allocation of Treasury Stock was resolved at the Company's Board of Directors, held on April 30, 2021. For further information, please refer to the "Allocation of Treasury Stock towards Restricted Stock Remuneration Plan"* which was announced on April 30, 2021.
Overview of allocation
(1)
Remuneration date
May 25, 2021
(2)
Class and number of
238,400 Ordinary shares of the company
shares to be allotted
(3)
Allotment price
JPY 2,060.5 per share
(4)
Total allotment value
JPY 491,223,200
(5)
Members of the Board who also serve as Executive
Beneficiaries
Officers, 4 people (92,500 shares)
Executive Officers, 20 people (145,900 shares)
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Japan Tobacco Inc. is a leading international tobacco company with operations in more than 130 countries. With approximately 58,000 employees, it manufactures and sells some of the world's best-known brands including Winston, Camel, MEVIUS and LD. The JT Group is committed to investing in Reduced-Risk Products (RRP) and currently markets its heated tobacco products under its Ploom brand and various e-cigarette products under its Logic brand. The Group is also present in the pharmaceutical and processed food businesses. For more information, visit https://www.jt.com/.
Japan Tobacco Inc. published this content on 25 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2021 06:02:03 UTC.
Japan Tobacco Inc. specializes in manufacturing and marketing of tobacco products. The group's products include primarily cigarettes, cigars, chewing and snuff tobaccos. Net sales break down by activity as follows:
- sale of tobacco products overseas (66%): 460 billion products sold in 2021, under the brands Winston, Camel, Silk Cut, Sobranie, Glamour, etc.;
- sale of tobacco products in Japan (24.1%): 67 billion products sold under the brands Cabin Prestige, Seven Stars, Pianissimo, Mild Seven, etc.;
- distribution of food products (6.3%);
- development of pharmaceutical products (3.5%): primarily for dyslipidemia, osteoporosis and Hepatitis C treatment;
- other (0.1%).
68.5% of net sales are abroad.
JAPAN TOBACCO, INC. 
