Fukuda Denshi completes third-party allotment of treasury stock

Fukuda Denshi (TSE:6960) announced the completion of a third-party allotment of treasury stock. The company disposed of 119,800 shares of common stock at a price of JPY6,339 per share, totaling JPY759,412,200. The allotment was made to six of the company's directors, with the subscription and payment date set for June 16, 2025. This disposal of shares is linked to the Board Benefit Trust (BBT) scheme, a performance-linked stock compensation plan for directors. The shares are nominally allotted to The Japanese Custody Bank, Ltd. (Trust Account E), with the actual allocation benefiting the directors based on their performance. Following the disposal, the number of treasury shares held by the company stands at 10,120,234 shares.