tiprankstipranks
Trending News
More News >

Yaoko Co., Ltd. to Dispose Treasury Shares for Employee Stock Ownership Plan

Story Highlights
  • Yaoko Co., Ltd. will dispose of 448,200 treasury shares for its Employee Stock Ownership Plan.
  • The share disposal is priced at 9,134 yen, reflecting fair market value for future employee benefits.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Yaoko Co., Ltd. to Dispose Treasury Shares for Employee Stock Ownership Plan

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

For detailed information about 8279 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App