Sumitomo Chemical : Notice Regarding Payment Completed of New Shares as Restricted Stock Compensation
July 21, 2022 at 10:14 pm
Share
July 22, 2022
For Immediate Release
Company Name:
Sumitomo Chemical Co., Ltd.
Representative:
Keiichi Iwata
President and Representative Director
Securities Code:
4005
Stock Exchange Listings:
Prime Section of the Tokyo Stock Exchange
Inquiries:
Shunji Kobayashi
General Manager
Corporate Communications Dept.
(Tel: +81-3-5201-0200)
Notice Regarding Payment Completed of New Shares as Restricted Stock Compensation
Sumitomo Chemical Co., Ltd. hereby announces that the payment procedure for the issuance of new shares as transfer-restricted share compensation, which was resolved at the Board of Directors meeting held on June 23, 2022, was completed today. For details of this matter, please refer to "Notice Regarding Issuance of New Shares as Restricted Stock Compensation" dated June 23, 2022.
Outline of the issuance of new share
(1)
Class and number of
414,030 shares of the Company's common stock
shares to be issued
(2)
Issuance price
536 yen per share
(3)
Total amount of issuance
221,920,080 yen
(4)
Allottees, number of
8 members of the Company's Board of Directors (excluding Outside
allottees, and number of
Directors): 233,326 shares
shares to be allotted
26 executive officers who are not concurrently serving as members of the
Company's Board of Directors (excluding non-residents of Japan): 180,704
shares
(5)
Payment date
July 22, 2022
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Disclaimer
Sumitomo Chemical Co. Ltd. published this content on 22 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2022 02:13:01 UTC.
Sumitomo Chemical Co Ltd is one of the Japanese largest chemical groups. The group is also manufacturing and marketing pharmaceutical products. Net sales break down by family of products as follows:
- petrochemical and plastic products (25.8%): ethylene, polyethylene, propylene, elastomers, agricultural films, etc.;
- pharmaceutical products (23.9%): ethic drugs, radiopharmaceutical products, etc.;
- telecommunication chemical products (18.9%): optic films, pigments, filters, etc.;
- agrochemical and fine chemistryproducts (18.5%): insecticides, herbicides, fertilizers, food additives, etc.;
- functional chemical products (10.7%): methanol, caustic soda, aluminum hydroxide, alumina, nitric acid, acrylonitrile, active pharmaceutical ingredients, polymeric additives, resorcine, colorants, etc.;
- other (2.2%).
Net sales break down geographically as follows: Japan (31.7%), China (19.2%), Asia (19.5%), North America (17.7%), Europe (4.2%) and other (7.7%).
SUMITOMO CHEMICAL CO., LTD. 
