TOKYO ELECTRON DEVICE LIMITED July 28, 2021 | |
Company name: | TOKYO ELECTRON DEVICE LIMITED |
Representative: | Atsushi Tokushige |
President & Representative Director | |
(TSE First Section, Stock Exchange Code: 2760) | |
Contact: | Noriaki Uchida |
Director, General Affairs Department | |
TEL: | +81-45-443-4000 |
(Amendment to Disclosed Information) Announcement of the Introduction of a Stock-based
Remuneration Plan as Medium-term Incentive Remuneration for the Group's Officers and Employees
TOKYO ELECTRON DEVICE LIMITED (the "Company") hereby announces the following amendment to the details of Trust Agreement to be concluded (date of trust agreement and starting date of trust period), which was announced in "Announcement of the Introduction of a Stock-based Remuneration Plan as Medium-term Incentive Remuneration for the Group's Officers and Employees" on May 18, 2021.
1． Details of Amendment (Underlined parts indicate Amendments.) Before Amendment:
3. Details of the Plan
- Trust period
Approximately four years from August 2, 2021(scheduled) to August 31, 2025 (scheduled).
[Details of Trust Agreement]
BIP Trust | ESOP Trust | ||
1) | Eligible Persons: | The Company's Eligible Corporate | Eligible Employees |
Directors | |||
Group companies' Eligible Corporate | |||
Directors | |||
2) | Type of trust: | Money trust other than a specified money trust for separate investment (third | |
party benefit trust) | |||
3) | Purpose of trust: | To grant incentives to Eligible Persons | |
4) Trustor: | The Company | ||
5) | Trustee: | Mitsubishi UFJ Trust and Banking Corporation | |
(Co-trustee: The Master Trust Bank of Japan, Ltd.) | |||
6) | Beneficiaries: | Eligible Persons who meet the beneficiary requirements | |
7) | Trust administrator: | A third party that has no interest in the Company (Certified Public | |
Accountant) | |||
8) | Date of trust agreement: | August 2, 2021(scheduled) | |
9) | Trust period: | August 2, 2021(scheduled) to August 31, 2025 (scheduled) | |
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10) | Plan start date: | September 1, 2021 (scheduled) | |
11) Exercise of voting rights: | Shall not be exercised | Shall be exercised | |
12) | Type of acquired shares: | The Company's common stock | |
13) Acquisition method of shares: | Acquisition from the stock market | ||
14) | Period of acquisition of shares: | August 5, 2021 (scheduled) to August 31, 2021 (scheduled) | |
15) Amount of trust money: | ¥419 million (scheduled) | ¥571 million (scheduled) | |
(The above amounts include trust fees and trust expenses.) | |||
16) | Vested rights holder: | The Company | |
17) | Residual assets: | Residual assets that the Company can receive as the holder of vested rights | |
shall be within the extent of allowances for trust expenses calculated by | |||
deducting funds to acquire the Company's shares from the trust money. | |||
After Amendment:
3. Details of the Plan
- Trust period
Approximately four years from August 3, 2021(scheduled) to August 31, 2025 (scheduled).
[Details of Trust Agreement]
BIP Trust | ESOP Trust | ||
1) | Eligible Persons: | The Company's Eligible Corporate | Eligible Employees |
Directors | |||
Group companies' Eligible Corporate | |||
Directors | |||
2) | Type of trust: | Money trust other than a specified money trust for separate investment (third | |
party benefit trust) | |||
3) | Purpose of trust: | To grant incentives to Eligible Persons | |
4) Trustor: | The Company | ||
5) | Trustee: | Mitsubishi UFJ Trust and Banking Corporation | |
(Co-trustee: The Master Trust Bank of Japan, Ltd.) | |||
6) | Beneficiaries: | Eligible Persons who meet the beneficiary requirements | |
7) | Trust administrator: | A third party that has no interest in the Company (Certified Public | |
Accountant) | |||
8) | Date of trust agreement: | August 3, 2021(scheduled) | |
9) | Trust period: | August 3, 2021(scheduled) to August 31, 2025 (scheduled) | |
10) Plan start date: | September 1, 2021 (scheduled) | ||
11) Exercise of voting rights: | Shall not be exercised | Shall be exercised | |
12) Type of acquired shares: | The Company's common stock | ||
13) Acquisition method of shares: | Acquisition from the stock market | ||
14) Period of acquisition of shares: | August 5, 2021 (scheduled) to August 31, 2021 (scheduled) | ||
15) Amount of trust money: | ¥419 million (scheduled) | ¥571 million (scheduled) | |
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(The above amounts include trust fees and trust expenses.) | |
16) Vested rights holder: | The Company |
17) Residual assets: | Residual assets that the Company can receive as the holder of vested rights |
shall be within the extent of allowances for trust expenses calculated by | |
deducting funds to acquire the Company's shares from the trust money. | |
2． Reason for Amendment
The Company has been made detailed review of the schedule, and date of trust agreement and starting date of trust period have been amended in consequence.
3． Future outlook
There will be no impact on the Company's consolidated financial results.
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Disclaimer
TEL - Tokyo Electron Device Ltd. published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 09:55:12 UTC.
