Stanley Electric : Notice of Completion of Payment for Disposal of Treasury Stock as Restricted Stock Compensation
August 09, 2023 at 09:53 pm EDT
Share
July 14, 2023
To whom it may concern
Company name: Stanley Electric Co., Ltd.
Representative: Yasuaki Kaizumi, President and Representative Director
Securities code: 6923 (TSE Prime Market)
Contact: Ikuo Kuwata, Executive Officer, Executive General Manager,
Accounting & Finance Control Division
Tel: +81-3-6866-2222
Notice of Completion of Payment for Disposal of Treasury Stock as Restricted Stock Compensation
Stanley Electric Co., Ltd. (hereinafter the "Company") hereby announces that regarding disposal of treasury stock as restricted stock compensation, which was resolved at a meeting of the Board of Directors of the Company held on June 29, 2023, payment procedures have been completed today as follows. For details of this matter, please refer to "Notice of Disposal of Treasury Stock as Restricted Stock Compensation" issued on June 29, 2023.
Overview of disposal
(1)
Date of disposal
July 14, 2023
(2)
Type and number of
18,400 shares of common stock of the Company
shares disposed of
(3)
Disposal price
2,910 yen per share
(4)
Total value of shares
53,544,000 yen
disposed of
(5)
Allottees of shares
6 Directors* of the Company: 18,400 shares
*Excluding Outside Directors
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Stanley Electric Co. Ltd. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 01:52:03 UTC.
Stanley Electric Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of automotive equipment products, component products and electronic applied products. The Company operates through three segments. The Automotive Equipment segment mainly manufactures automotive lighting products, which are sold to automobile manufacturers. The Components segment mainly manufactures electronic device products that are sold to manufacturers related to electrical machinery and automobiles. The Electronic Applied Products segment mainly manufactures electronic applied products such as units and modules that meet the specifications of customers, such as liquid crystal backlights, and operation panels that are sold mainly to electrical equipment, automobiles, and automobile-related manufacturers. In addition, the Company is also engaged in business activities such as promotion of employment of people with physical disabilities and financial and management services for groups.
STANLEY ELECTRIC CO., LTD. 
