Relo : Notice of the Payment Completion and Partial Loss of Rights of the Disposal of Treasury Stock as Restricted Stock Compensation
September 15, 2021 at 02:02 am EDT
Share
September 15, 2021
For Immediate Release
Company name:
Relo Group, Inc.
Representative:
Kenichi Nakamura
President & Representative Director
(Code: 8876, First Section of TSE)
Contact:
Yasushi Kadota
Senior Managing Director
(Tel: +81-3-5312-8704)
Notice of the Payment Completion and Partial Loss of Rights of the Disposal of
Treasury Stock as Restricted Stock Compensation
The Relo Group (the Group) announces that it has completed the payment procedures for the disposal of treasury stock, and that the number of shares to be disposed has been changed from that originally planned due to partial loss of rights, for the disposal of treasury stock as restricted compensation, as announced in the "Notice of Disposal of Treasury Stock as Restricted Compensation" on August 12, 2021. Details are as follows.
For details, please refer to the "Notice of Disposal of Treasury Stock as Restricted Compensation" announced on August 12, 2021.
1. Changes to the Overview of Disposal (changes are underlined)
After Change
Before Change
(1)
Date of Disposal
September 15, 2021
September 15, 2021
(2)
Class and Number of
1,271,700 sharesof common
1,274,100 shares of common
Shares to be Disposed
shares of the Group
shares of the Group
(3)
Disposal Value
¥2,418 per share
¥2,418 per share
(4)
Total Disposal Value
¥3,074,970,600
¥3,080,773,800
(5)
Allottees and Number
Employees of the Group
Employees of the Group
thereof, Number of
: 31 persons 163,500 shares
: 31 persons 163,500 shares
Shares to be Alloted
Executive officers of the Group's
Executive officers of the Group's
subsidiary
subsidiary
: 37 persons 324,900 shares
: 37 persons 324,900 shares
Employees of the Group's
Employees of the Group's
subsidiary
subsidiary
: 394 persons 783,300 shares
: 396 persons 785,700 shares
2. Reason of Change
The difference between the planned and actual number of shares to be disposed is due to the partial loss of rights of the 2 allottees at the time the decision was made to dispose the treasury stock, but no longer meet the requirements.
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Disclaimer
Relo Group Inc. published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 06:01:04 UTC.
Relo Group Inc is engaged the provision of outsourcing services in the field of corporate welfare, as well as the rental management business and hotel management business. The Company operates in five business segments. The Domestic Relocation segment is involved in the provision of leasing company housing management outsourcing services, and the rental real estate management & brokerage business. The Welfare segment is involved in the provision of welfare agency services, customer benefit agency services, and home rush services. The Transfer Support segment provides the overseas assignment support, inbound support, expatriate staff regulations and treatment consulting services. The Overseas segment provides assignment management services for global companies, as well as overseas local services. The Tourism segment is involved in the holiday home time sharing business and hotel management business. The Company also conducts financial-related businesses of its core businesses.
RELO GROUP, INC. 
