Japan Lifeline : Announces Completion of Payment for Disposal of Treasury Stock as Restricted Stock Incentive Plan for ESA and Partial Forfeiture



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July 26, 2024 at 02:22 am EDT

July 26, 2024

To whom it may concern,

Company: Japan Lifeline Co., Ltd.

Representative: Keisuke Suzuki, President and CEO (Code: 7575 TSE Prime Market)

Contact person: Takeyoshi Egawa, Vice President, Senior Manager of Business Administration Department (TEL. +81-3-6711-5200)

Japan Lifeline Announces Completion of Payment for Disposal of Treasury Stock as Restricted Stock

Incentive Plan for Employee Shareholding Association and Partial Forfeiture

Japan Lifeline Co., Ltd. (“the Company”) hereby announces that payment procedures regarding disposal of treasury stock as a Restricted Stock Incentive Plan for Japan Lifeline Employee Shareholding Associations (“the ESA”) was completed today, that was resolved at the Board of Directors’ meeting held on May 1, 2024. The result of treasury stock is as follows. The company announces that there have been changes to the number of shares to be disposed of and the total amount to be disposed that initially planned due to partial forfeiture as described below. For details concerning this matter, please refer to “Japan Lifeline Announces Disposal of Treasury Stock as Restricted Stock Incentive Plan for Employee Shareholding Association” dated on May 1, 2024.

1. Summary of the Disposal of treasury stock (Changes are underlined.)

After the change

Before the change

(1)

Disposal date

July 26, 2024

July 26, 2024

(2)

Class and number of

140,259shares of common stock of

156,995shares of common stock of

shares to be disposed of

the Company

the Company

(3)

Disposal price

1,165 yen per share

1,165 yen per share

(4)

Total amount disposed

163,401,735yen

182,899,175yen

(5)

Allotment method

By way of third-party allotment

By way of third-party allotment

(Scheduled allottee)

(The ESA 140,259shares)

(The ESA 156,995shares)

2. Reason for the change

The change in the number of shares to be disposed of and the total amount disposed was made since the number of members of the ESA who consent to the Restricted Stock Incentive Plan for the ESA has been fixed.

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Disclaimer

JLL – Japan Lifeline Co. Ltd. published this content on
26 July 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
26 July 2024 06:21:01 UTC.


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More charts

Logo Japan Lifeline Co., Ltd.

Japan Lifeline Co., Ltd. is a Japan-based company mainly engaged in the import, manufacture and sale of cardiac circulators and other medical devices. The Company is mainly engaged in the production of rhythm devices, electrophysiological (EP) and ablations, surgical products and intervention products. The rhythm devices include cardiac pacemakers, implantable cardioverter defibrillator (ICD), cardiac resynchronization therapy defibrillator (CRT-D) and other rhythm devices. The EP and ablations include EP catheters for cardiac arrhythmia examination, ablation catheters for arrhythmia treatment and other EP and ablations. The surgical products include prosthetic heart valves and annuloplasty rings for heart disease surgical treatment, vascular grafts, open stent grafts and stent grafts for aortic disease treatment, as well as other surgical products. The intervention products include balloon catheters, guide wires, penetration catheters and other intervention products.


More about the company

Sell

Consensus

Buy

Last Close Price

1,069.00JPY

Average target price

1,365.75JPY

Spread / Average Target

+27.76%

Consensus

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