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Digital Information Technologies Corp. ( (JP:3916) ) has shared an announcement.
Digital Information Technologies Corporation has announced the disposal of 140,000 shares of treasury stock through a third-party allotment to Custody Bank of Japan, Ltd., as part of its stock-based compensation plan (J-ESOP). This move is aimed at compensating employees based on their performance and contribution, with the shares being allocated to employees under the plan. The disposal represents 0.90% of the total issued shares and is considered a reasonable level of dilution. The disposition price is set at 2,615 yen per share, reflecting the company’s corporate value in the stock market.
More about Digital Information Technologies Corp.
Average Trading Volume: 37,609
Technical Sentiment Signal: Buy
Current Market Cap: Yen39.83B
Learn more about 3916 stock on TipRanks’ Stock Analysis page.