Kagome : Notice of Details of Disposition of Treasury Stock by Way of Third-Party Allotment
August 21, 2020 at 02:41 am EDT
Share
August 21, 2020
(Translation)
For Immediate Release
Name of Company: KAGOME CO., LTD.
Representative: Satoshi Yamaguchi,
Representative Director & President
Securities Code: 2811 (First Section,
Tokyo and Nagoya Stock Exchanges)
Contact: Takeshi Saeki,
Executive Officer & General Manager,
Finance & Accounting Department
TEL. +81-3-5623-8503
Notice of Details of Disposition of Treasury Stock by Way of Third-Party Allotment
KAGOME CO., LTD. (the "Company") decided at a meeting of the Board of Directors held January 24, 2020 to confer discussion on "Disposition of Treasury Stock by Way of Third-Party Allotment to Support the Kagome Mirai Yasai Foundation" to the General Meeting of Shareholders in order to support the social contribution activities of the Kagome Mirai Yasai Foundation (the "Foundation") in a continuous and consistent manner. Subsequently, the Company received approval on this matter at the 76th Annual General Meeting of Shareholders held on March 27, 2020. In addition, the establishment date of the Foundation will be changed as per the "Notice of Change of Establishment Date of Kagome Mirai Yasai Foundation and Date for Disposition of Treasury Stock by Way of Third-Party Allotment" issued on June 26, 2020.
Regarding this matter, a resolution was passed on details of the subscription matters at today's meeting of the Board of Directors. Details are as follows.
1. Disposition of treasury stock
Number of shares to be disposed of
940,000 shares of common stock (percentage against the total
number of issued shares: 0.996%)
Price of disposition
1 yen per share
Amount to be procured
940,000 yen
Method of offering or disposition
Disposition by way of third-party allotment
Subscriber
The Master Trust Bank of Japan, Ltd.
Date of disposition
October 1, 2020 (planned)
Other
Regarding this disposition of treasury stock, approval was
received at the 76th Annual General Meeting of Shareholders
held on March 27, 2020 to entrust the decision on subscription
matters to the Company's Board of Directors pursuant to the
provisions of Article 199 and Article 200 of the Companies Act.
2. Outline of disposition
Type of trust
Money in trust other than specific individually managed money
trust (third-party benefit trust)
Purpose of trust
To put into effect social contribution activities by delivering
dividends on the shares of the common stock of the settlor, as
issuer, to the beneficiary as trust proceeds.
Settlor
KAGOME CO., LTD.
Trustee
Mitsubishi UFJ Trust and Banking Corporation
(Co-trustee: The Master Trust Bank of Japan, Ltd.)
Beneficiary
Kagome Mirai Yasai Foundation
Date of trust agreement
October 1, 2020 (planned)
Term of trust
October 1, 2020 to March 15, 2025 (planned)
Attachments
Original document
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Disclaimer
KAGOME Co. Ltd. published this content on 21 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2020 06:41:02 UTC
Kagome Co Ltd is a Japan-based company mainly engaged in the manufacture, purchase and sale of foods at home and abroad. The Company operates through four business segments. The Processed Foods segment is engaged in the manufacture and sale of beverages and seasonings. The main products are the Vegetable Life 100 series, tomato juice, tomato ketchup, tomato seasonings, sauces, and products for mail order and gifts. The International Business segment is engaged in the tomato seed development and agricultural production, as well as product development, processing, and sales. The Agriculture segment is engaged in the production and sale of fresh vegetables. Products include fresh tomatoes, baby leaves, and others. The Other segment is engaged in the real estate business and outsourcing business.
KAGOME CO., LTD. 
