Ryohin Keikaku Co (JP:7453) has released an update.
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Ryohin Keikaku Co., Ltd. is set to boost employee motivation and corporate value through a Trust-type Employee Shareholding Incentive Plan, by disposing of 1,056,900 treasury shares to Nomura Trust and Banking Co., Ltd. for ¥2,753,752,950. The shares will be sold at ¥2,605.5 each, equivalent to the market price prior to the Board of Directors’ resolution, ensuring a fair valuation reflecting the company’s worth without undue advantage to the allottee.
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