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OMRON Corporation: Notice Regarding Completion of Payment for Disposal of Treasury Stock as Medium-term Incentive Plan
for Employee Stockholding Association Using Restricted Stock and Partial Forfeiture
Kyoto (pta036/31.05.2022/14:57 UTC+2)
May 31, 2022
| Company name: | OMRON Corporation |
| Representative: | Yoshihito Yamada, President & CEO |
| Stock code: | 6645 |
| Stock exchange: | Tokyo (Prime Market) |
| Contact: | Takuro Okada, General Manager, Investor Relations Dept. |
| Phone: | +81-75-344-7048 |
Notice Regarding Completion of Payment for Disposal of Treasury Stock as Medium-term Incentive Plan for Employee Stockholding Association Using Restricted Stock and Partial Forfeiture
OMRON Corporation announces that the payment procedures regarding Disposal of Treasury Stock as Medium-term Incentive Plan using Restricted Stock through OMRON Employee Stockholding Association (hereinafter, the "ESA") that was resolved at a meeting of the Board of Directors of OMRON Corporation (TOKYO: 6645; ADR: OMRNY) held on March 1, 2022, have been completed today (May 31, 2022). OMRON Corporation announces that there have been changes to the number of shares to be disposed of and the total value of disposal that were initially planned due to partial forfeiture, as described below. For details concerning this matter, please refer to "Notice Regarding Disposal of Treasury Stock as Medium-term Incentive Plan for Employee Stockholding Association Using Restricted Stock" dated March 1, 2022.
1. Outline of the Disposal (Changes are underlined.)
| After the change | Before the change | |
| (1) Date of disposal | May 31, 2022 | May 31, 2022 |
| (2) Class and number of shares to be disposed of | 104,781 shares of common stock of OMRON Corporation | 115,350 shares of common stock of OMRON Corporation (Note) |
| (3) Disposal price | 7,760 yen per share | 7,760 yen per share |
| (4) Total value of disposal | 813,100,560yen | 895,116,000 yen (Note) |
(5) Method of disposal (Scheduled allottee) | Third-party allotment (OMRON Employee Stockholding Association: 104,781shares) The text hereinafter has been deleted. | Third-party allotment (OMRON Employee Stockholding Association: 115,350 shares) Note that OMRON Corporation will not accept any application from OMRON Corporation employees for subscribing for only a part of the shares to be granted. |
| (6) Other | Deleted | The Treasury Stock Disposal is subject to effectuation of a Securities Registration Statement pursuant to the Financial Instruments and Exchange Act. |
| (Note) | Deleted | The figures for the "number of shares to be disposed of" and "total value of disposal" represent the maximum amount. The actual number of shares to be disposed of and the actual total value of disposal are expected to be fixed according to the number of employees of OMRON Corporation and its subsidiaries after the conclusion of promoting membership of the ESA to those who have not yet joined and confirming the consent of members regarding the Plan. |
2. Reason for the Change
The change in the number of shares to be disposed of and the total value of disposal was made since the number of members of the ESA who consent to Restricted Stock Incentive Plan for the ESA has been fixed.
3. Future Outlook
The third-party allotment is expected to have a minor impact on the consolidated earnings for the fiscal year ending March 2023. Should any revision to the earnings forecast be required or any fact arise that requires an announcement, such matters will be promptly announced.
(end)
| Emitter: |
OMRON Corporation Shiokoji Horikawa, Shimogyo-ku 600-8530 Kyoto Japan |
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|---|---|---|
| Contact Person: | Jan Hutterer | |
| Phone: | +49 172 3462831 | |
| E-Mail: | jan.hutterer@kirchhoff.de | |
| Website: | www.omron.com | |
| ISIN(s): | DE0008647488 (Share) JP3197800000 (Share) | |
| Stock Exchange(s): | Regulated Market in Frankfurt; Free Market in Berlin, Hannover, Stuttgart | |
| Other Stock Exchanges: | NASDAQ, Tokio |