Tokai Carbon : Notice Concerning Disposal of Treasury Shares as Restricted Stock Remuneration
April 23, 2021 at 04:02 am EDT
Share
April 23, 2021
Company name : Tokai Carbon Co., Ltd.
Representative : Hajime Nagasaka, President & CEO
(Stock Code: 5301 Section I, Tokyo Stock Exchange)
Contact : Megumi Kaminosono,
General Manager, Secretariat
Telephone:+81-3-3746-5103
Notice Concerning Disposal of Treasury Shares as Restricted Stock Remuneration
Tokai Carbon Co., Ltd. (the "Company) hereby announces that, the Company today completed the disposal of treasury shares as restricted stock remuneration resolved at its Board Meeting held on March 30, 2021.For details, please see "Notice Concerning Disposal of Treasury Shares as Restricted Stock Remuneration" released on March 30, 2021.
1. Summary of the disposal
(1)
Class and number of shares to be
Common stock of the Company : 10,583
disposed
(2)
Disposal price
1,757 yen per share
(3)
Total disposal price
18,594,331 yen
(4)
Recipients of allotment and
Directors of the company (excluding outside directors
number of the recipients and
and internal directors stationed overseas)
number of shares to be disposed of
5 directors 10,583 shares
(5)
Disposal Date
April 23,2021
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Disclaimer
Tokai Carbon Co. Ltd. published this content on 23 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2021 08:01:05 UTC.
Tokai Carbon Co., Ltd. is one of the Japanese leaders in manufacturing and marketing of coal and graphite products. The group is also producing industrial furnaces. Net sales break down by family of products as follows:
- coal and graphite products (69.6%): coal, graphite electrodes, special graphite and friction materials primarily for industrial, electronic, energy, automotive and mechanic applications;
- cathodes for smelting aluminum and furnace linings (18.1%);
- industrial furnaces and heating products (6.9%): for thermal processing of ceramic products, electronic components, metals, glasses, etc.;
- other (5.4%).
Net sales break down geographically as follows: Japan (24.6%), Asia (26.7%), the United States (26.5%), Europe (11.6%) and other (10.6%).
TOKAI CARBON CO., LTD. 
