Yaoko Co., Ltd. ( (JP:8279) ) has issued an update.
Yaoko Co., Ltd. has announced a resolution to dispose of 448,200 treasury shares through a third-party allotment to support its Employee Stock Ownership Plan (J-ESOP). This move is aimed at continuing the plan by making an additional monetary contribution to the trust, enabling the acquisition of shares necessary for future employee benefits. The disposal, representing 1.07% of the total issued shares, is priced at 9,134 yen per share, calculated based on the average closing price over the past month, ensuring a fair market value. This strategic decision underscores Yaoko’s commitment to employee ownership and aligns with its long-term operational goals.
More about Yaoko Co., Ltd.
Yaoko Co., Ltd. operates in the retail industry, focusing on providing a wide range of consumer goods through its chain of supermarkets. The company is known for its commitment to quality products and customer service, catering primarily to the Japanese market.
YTD Price Performance: -0.88%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €2.31B
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