Daishin Securities to Cancel 2.55 Million Treasury Shares... Accelerates Value-Up Policy
13th ESOP Launch Using 500,000 Shares
Daishin Securities has announced the implementation of a large-scale cancellation of treasury shares and the launch of an Employee Stock Ownership Plan (ESOP), signaling the full-scale execution of its corporate value enhancement (value-up) policy.
On June 19, Daishin Securities disclosed that it will cancel a total of approximately 2.55 million treasury shares, including about 1.55 million common shares, 800,000 Class 1 preferred shares, and 190,000 Class 2 preferred shares. In addition, the company announced it will implement an ESOP utilizing 500,000 treasury common shares.
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These measures are aimed at expanding shareholder returns and strengthening the long-term performance-based compensation system, which are core elements of the corporate value enhancement plan. The ESOP, which will be implemented alongside these initiatives, is designed to align the interests of employees and shareholders, thereby increasing corporate value over the medium to long term. Daishin Securities has operated an ESOP since becoming the first in the securities industry to introduce an employee stock ownership system in 2003, and this marks the 13th time the plan has been implemented.
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