Daicel allocates restricted stock to employees and executives

Daicel Corporation will dispose of 378,068 treasury shares as restricted stock worth 472m yen total.

The company allocated 210,360 shares to employee shareholding associations for 263m yen, effective August 25. An additional 167,708 shares worth 210m yen will go to directors and executive officers as compensation, effective August 13.

Both disposals are priced at 1,249.5 yen per share based on July 16 closing prices.