NGK Insulators : Notice Regarding Completion of Payment for New Shares as Restricted Stock Compensation
August 02, 2023 at 02:04 am EDT
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The following statement is an English translation of the original Japanese document provided for your convenience.
In the event of any discrepancy between this translation and the Japanese original, the original is presumed to be correct.
August 2, 2023
Company Name:
NGK INSULATORS, LTD.
Listing Code:
5333
Stock Exchange Listings: Tokyo and Nagoya
Representative:
President Shigeru Kobayashi (Mr.)
Contact:
General Manager Finance & Accounting Dept.
Hideaki Tsukui (Mr.)
(TEL) +81-52-872-7230
Notice Regarding Completion of Payment for New Shares as Restricted Stock Compensation
NGK INSULATORS, LTD. (hereinafter referred to as the "Company") hereby announces that it has completed the payment procedure regarding the issuance of new shares as restricted stock compensation, which was resolved at the meeting of the Board of Directors held on July 3, 2023. For details, please refer to "Notice Regarding Issuance of New Shares as Restricted Stock Compensation, " released July 3, 2023.
Overview of issuance
(1)
Class and number of
The Company's common stock: 127,000 shares
shares to be issued
(2)
Issue price
1,714 yen per share
(3)
Aggregate issue amount
217,678,000 yen
Persons eligible for the
The Company's Directors (excluding Outside Directors):
6 persons, 43,000 shares
allotment of the shares
Corporate Officers who do not concurrently serve as the
(4)
and the number thereof,
Company's Directors:
as well as the number of
24 persons, 84,000 shares
shares to be allotted
(excluding Corporate Officers who are overseas residents on a
non-temporary basis)
(5)
Payment date
August 2, 2023
Attachments
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Original Document
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Disclaimer
NGK Insulators Ltd. published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 06:03:13 UTC.
NGK Insulators, Ltd. specializes in the design, manufacturing and marketing of electric and electronic components and equipments. Net sales break down by family of products as follows:
- ceramic products (57.3%): for automotive and industrial applications;
- components and equipment for industrial manufacturing processes (24.2%): components for semiconductor manufacturing equipment, corrosion-resistant ceramic apparatuses for chemical industries, gas analyzer, industrial heating systems, refractory products and radioactive waste treatment systems;
- electronic components (10.5%): especially for semiconductors manufacturing and special metals processing;
- electric equipments (8%): insulators and electric devices, batteries for electric power storage, etc.
Net sales break down geographically as follows: Japan (24.5%), Asia (30.4%), North America (21.7%), Europe (21.3%) and other (2.1%).
NGK INSULATORS, LTD 
