CURVES : Notice Concerning the Introduction of a Stock Benefit Plan for Employees (Details Decided On)
January 20, 2022 at 01:46 am EST
Share
January 17, 2022
For Immediate Release
Company name: CURVES HOLDINGS Co., Ltd.
Representative: Takeshi Masumoto,
Representative Director and President
(Securities code:
7085, First Section of the Tokyo Stock Exchange)
Contact:
Shinya Matsuda, Director and General Manager,
Administration Division
Phone number:
+81-3-5418-9922
Notice Concerning the Introduction of a Stock Benefit Plan for Employees (Details Decided On)
The Company hereby announces that the Board of Directors, at its meeting held today, has decided on details of the Stock Benefit Trust (J-ESOP) ("the Plan"; the trust to be established in accordance with the trust agreement to be concluded with Mizuho Trust & Banking Co., Ltd. hereinafter referred to as "the Trust"), the introduction of which was announced on October 18, 2021.
Details
1. Overview of the Plan
(1)
Name:
Stock Benefit Trust (J-ESOP)
(2)
Trustor:
The Company
(3)
Trustee:
Mizuho Trust & Banking Co., Ltd.
(Re-trust trustee: Custody Bank of Japan, Ltd.)
Beneficiaries: The Company's employees and the employees of the Company's subsidiaries ("Eligible Employees") who meet the beneficiary requirements set out in the Stock Benefit Regulations
Trust administrator: Appointed from among the employees of the Company
(6) Type of trust:
Money held in trust other than a money trust (third-party benefit trust)
Date of execution of the Trust Agreement: January 31, 2022 (scheduled)
Date when money is entrusted:
January 31, 2022 (scheduled)
(9) Trust period: From January 31, 2022 (scheduled) to the termination of the Trust
(The Trust will continue as long as the Plan continues. No specific date of expiration is set.)
2. Details of the Company's shares acquired by the Trust
(1) Class of shares acquired:
Common shares of the Company
Amount entrusted as funds for the acquisition of shares: 1,250,000,000 yen
(3)
Method for acquiring shares:
Shares will be acquired through a stock market, primarily via off-
floor transactions
(4)
Share acquisition period:
February 1, 2022 (scheduled) to February 7, 2022 (scheduled)
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Structure of the Plan
Subsidiary
(1) Establishment of
the Stock Benefit
(4) Granting of points
Regulations
Establishment of the Stock Benefit Regulations
Trustor
The Company
(2) Money in trust
(3) Share
Trustee
Mizuho Trust & Banking Co., Ltd.
Acquisition
(Re-trust trustee: Custody Bank of Japan, Ltd.)
Shares of the Company
(4) Granting of points
Eligible Employees
ofExercise(5) rightsvoting
Trust administrator
Instructions for the exercise
of voting rights
Beneficiaries
Eligible Employees who
fulfill the requirements of
(6) Benefits of the
beneficiaries
Company shares
acquisition Entitlement
The Company and its subsidiaries will establish the Stock Benefit Regulations with the introduction of the Plan.
The Company will place money in a trust (third-party benefit trust) with Mizuho Trust & Banking Co., Ltd. (re- trustee: Custody Bank of Japan, Ltd.) to acquire in advance the shares that will be granted to Eligible Employees in the future in accordance with the Stock Benefit Regulations.
The Trust will acquire the Company's shares using the money entrusted in 2) above as the source of its funding, either through the stock market or by subscribing to the Company's treasury shares that are to be disposed.
The Company and its subsidiaries grant points to Eligible Employees in accordance with the Stock Benefit Regulations.
The Trust will exercise voting rights in accordance with the instructions of the trust administer.
The Trust will deliver shares of the Company's stock to the Eligible Employees who fulfill the requirements of beneficiaries (the "Beneficiaries") as set forth in the Stock Benefit Regulations in accordance with the number of points granted to the beneficiaries.
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Disclaimer
Curves Holdings Co. Ltd. published this content on 20 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2022 06:45:10 UTC.
Curves Holdings Co Ltd is a Japan-based company mainly engaged in the operation of Curves, a fitness facility for women. The Curves segment is mainly engaged in the fitness club business. The domestic curve business is engaged in the introduction of system necessary for management guidance and business operation for franchisees (FC), the provision and sale of technology, equipment, product and printed matter, as well as the performance of support operations such as opening stores for franchisees and sale operations for members. The Company is also engaged in the development of directly managed stores. The overseas curves business is engaged in the management of royalties and sale of equipment used at stores to master franchisees around the world, including Japan, as well as the provision of operation support services to franchise member stores.
CURVES HOLDINGS CO., LTD. 
