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Penta-Ocean Construction Co., Ltd.
Notice Regarding Completion of Acquisition of Company Shares by Board Benefit Trust (BBT)
Tokyo, Japan – Sep. 8, Penta-Ocean Construction Co., Ltd. (the Company) hereby announces that it made an additional contribution to the performance-based stock compensation program “BBT (=Board Benefit Trust)”and the acquisition of the Company shares has been completed, as resolved at the Board of Directors meeting and announced on August 4, 2020.
1. Summary of additional contributions
·Additional contribution date: August 19, 2020
·Additional contribution amount: JPY 229,000,000-
·Types and methods of shares acquired: Common stock of the Company, from the stock market
·Acquisition period: August 19, 2020 to August 21, 2020
·Number of shares acquired: 355,800 shares
·Number of shares held by BBT Trust Account: 767,000 (as of September 8, 2020)
When calculating per-share information in financial statements or annual securities reports, the number of shares held by the BBT Trust Account is calculated in addition to the treasury stock, in accordance with “Practical solution on transactions of delivering the company’s own stock to employees etc. through trusts” (issued on December 25, 2013 and revised on March 26, 2015, Accounting Standard Board of Japan, Practical Issues Task Force No. 30), but the effect is minimal.