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 Renewal and Partial Amendments of
the Annual Performance-linkedStock-based Remuneration Plan
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 Renewal and Partial Amendments of the Annual Performance-linkedStock-based Remuneration Plan" on May 18, 2021.
1． Details of Amendment (Underlined parts indicate Amendments.) Before Amendment:
[Details of Trust Agreement]
1) | Type of trust: | Money trust other than a specified money trust for separate |
investment (third party benefit trust) | ||
2) | Purpose of trust: | To grant incentives to Corporate Directors of the Company |
who meet the beneficiary requirements | ||
3) Trustor: | The Company | |
4) | Trustee: | Mitsubishi UFJ Trust and Banking Corporation |
(Co-trustee: The Master Trust Bank of Japan, Ltd.) | ||
5) | Beneficiaries: | Corporate Directors who meet the beneficiary requirements |
6) | Trust administrator: | A third party that has no interest in the Company (Certified |
Public Accountant) | ||
7) | Date of trust agreement: | August 2, 2021(scheduled) |
8) | Trust period: | August 2, 2021(scheduled) to August 31, 2025 (scheduled) |
9) | Plan start date: | November 2014 |
10) Exercise of voting rights: | Shall not be exercised | |
11) Acquisition method of shares: | Acquisition from the stock market | |
12) Period of acquisition of shares: | August 5, 2021 (scheduled) to August 31, 2021 (scheduled) | |
13) Amount of trust money: | ¥300 million (scheduled) (including trust fees and trust | |
expenses) | ||
14) Vested rights holder: | The Company | |
15) 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. | ||
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After Amendment:
[Details of Trust Agreement]
1) | Type of trust: | Money trust other than a specified money trust for separate |
investment (third party benefit trust) | ||
2) | Purpose of trust: | To grant incentives to Corporate Directors of the Company |
who meet the beneficiary requirements | ||
3) Trustor: | The Company | |
4) | Trustee: | Mitsubishi UFJ Trust and Banking Corporation |
(Co-trustee: The Master Trust Bank of Japan, Ltd.) | ||
5) | Beneficiaries: | Corporate Directors who meet the beneficiary requirements |
6) | Trust administrator: | A third party that has no interest in the Company (Certified |
Public Accountant) | ||
7) | Date of trust agreement: | August 3, 2021(scheduled) |
8) | Trust period: | August 3, 2021(scheduled) to August 31, 2025 (scheduled) |
9) | Plan start date: | November 2014 |
10) Exercise of voting rights: | Shall not be exercised | |
11) Acquisition method of shares: | Acquisition from the stock market | |
12) Period of acquisition of shares: | August 5, 2021 (scheduled) to August 31, 2021 (scheduled) | |
13) Amount of trust money: | ¥300 million (scheduled) (including trust fees and trust | |
expenses) | ||
14) Vested rights holder: | The Company | |
15) 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 09:55:13 UTC.
