News Release
July 28, 2014
Notice - regarding the disposal of treasury stocks through a third-party allocation

  Please be advised that the Company resolved at the board of directors' meeting held today on the disposal of treasury stocks (hereinafter, the “Disposal of Treasury Stocks”) through a third-party allocation. The details as follows:

1. Conditions of disposal

(1) Disposal date Friday, August 1, 2014
(2) Number of stocks disposed of 212,400 shares of common stocks
(3) Disposal amount 11,783 yen per share
(4) Funds procured 2,502,709,200 yen
(5) Subscription or disposal method Through a third-party allocation
(6) Allottee Trust & Custody Services Bank, Ltd. (Trust E account)
(7) Other None

2. Purpose of and reason for disposal

  The Company resolved at the board of directors’ meeting held on July 4, 2011 on the introduction of the “Employee Stock Ownership Plan (J-ESOP)” ((hereinafter, the “Plan”) and a trust (hereinafter, referred to as the “Trust”) established in connection with this Plan) in a bid to incentivize employees to improve stock prices and earnings of the Company by making clear a link between earnings and stock value of the Company and sharing the value with stockholders.
  The Disposal of Treasury Stocks refers to a disposal of treasury stocks of the Company through a third-party allocation to Trust & Custody Services Bank, Ltd. (Trust E account) (a trustee of re-trust who is re-trusted from Mizuho Trust & Banking Co., Ltd., a trustee of the Trust), that holds and disposes of the shares of the Company by continuing this Plan.

3. Funds procured, purpose of funds, and scheduled date of expenditure of funds

(1) Funds procured (estimated net usable amount)
Total disposal amount
Estimated amount of miscellaneous
issuance expenses (yen)
Estimated net usable amount (yen)
2,502,709,200 yen - 2,502,709,200 yen
(2) Specific purpose of funds procured
  Funds procured by the Disposal of Treasury Stocks will be applied in full to the working capital, such as payments, etc. of miscellaneous expenses on and after the payment date. Funds management before the expenditure of the funds is implemented using the deposit account of the Company.
Copyright 2014 Daito Trust Construction Co., Ltd.