May 25, 2022
Company:Nippon Paint Holdings Co., Ltd.Representative:Yuichiro Wakatsuki
Director, Representative Executive Officer & Co-President
Wee Siew Kim
Director, Representative Executive Officer & Co-President
(Code No.: 4612; TSE Prime)Contact:Ryosuke Tanaka
General Manager of Investor Relations and Sustainability
(TEL +81-50-3131-7419)
Notice of Completion of Disposal of Treasury Shares as Restricted Stock Compensation and Partial Loss of Rights
Nippon Paint Holdings Co., Ltd. (the "Company") is announcing that the disposal of treasury shares as restricted stock compensation was completed today as described below, based on the decisions made at the Remuneration Committee held on April 26, 2022 and the Representative Executive Officers & Co-Presidents of the Company.
The original number of qualified persons, the original number of shares to be disposed of and the original total disposal amount have been changed due to partial loss of rights.
For details, please refer to "Notice of Disposal of Treasury Shares as Restricted Stock Compensation" dated April 26, 2022.
1. Overview of the disposal (Changes are underlined)
After change
Before change
(1) Class and number of shares to be disposed
After change
Common shares of the Company: 140,000 shares
Before change
Common shares of the Company: 160,000 shares
(2) Disposal price
After change
1,004 yen per share
Before change
1,004 yen per share
(3) Total value of shares to be disposed
After change
140,560,000 yen
Before change
160,640,000 yen
(4) Recipients and the number thereof; and the number of shares to be disposed
After change
Directors of the Board of the Company: 7 persons 140,000 shares
Before change
Directors of the Board of the Company: 8 persons 160,000 shares
(5) Disposal date
After change
May 25, 2022
Before change
May 25, 2022
2. Reason for the change
The difference between the original number of qualified persons and the original number of shares to be disposed of and the actual figures are due to the fact that one person, who was one of the qualified persons at the time the disposal of treasury shares was decided, declined the disposal of shares and lost his rights.
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Nippon Paint Holdings Co. Ltd. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 16:12:44 UTC.
Nippon Paint Holdings Co Ltd is a company mainly engaged in the manufacture and sale of coating materials and fine chemicals products. The Company is involved in the manufacture and sale of paint for automobile-, general- and industrial-uses, as well as fine chemicals. The Company operates in four business segments. The Japan segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business. The Asia segment conducts paint for automobile-, general- and industrial-uses, as well as fine chemicals business in China Singapore, Malaysia, Thailand, Korea, Southeast Asian countries, India. The Oceania segment conducts paint business, such as paint for general-, industrial-uses, and paints peripheral businesses. The Americas segment conducts paint for automobile business and contruction coating materials business.
NIPPON PAINT HOLDINGS CO., LTD. 
