Mitsui O.S.K. Lines, Ltd. announced that it has decided to introduce a special incentive program to provide group employees with opportunities to acquire the company’s shares. This is aimed at enhancing MOL Group employees’ sense of participation in management and engagement by supporting the medium- to long-term asset formation.
Under the program, special incentive payment for purchasing shares of MOL common share will be granted through the “MOL Employee Shareholding Association” to the members of the association.
1．Objective
The MOL Group grants incentives to its members with the intention of helping employees build assets through the ownership of the company’s shares, and helping each individual to work with job satisfaction on a daily basis. It will further promote this concept by offering a special incentive grant equivalent to about 30 shares per person to all members who fulfill the conditions for the grant and purchase our shares on the stock market through the association.
This program is designed to raise employees’ awareness of the need to participate in management and to improve their engagement with the group’s overall business. The company believes that encouraging employees who have not yet joined the association to join will help more employees to share with shareholders their awareness of medium- to long-term enhancement of corporate value. The MOL Group promotes “human capital management,” which views personnel as “capital” and maximizes its value to enhance corporate value over the medium- to long-term, and the share grant program is an initiative that will enhance human capital management and ultimately improve corporate value.
2．Structure
(1) The MOL Group will provide special incentive payments to members.
(2) Members contribute the special incentive funds to the shareholding association.
(3) The shareholding association collects the special incentive funds contributed by the members and acquires the company’s shares in the market.
(4) The acquired shares are allocated to and managed by the members of the shareholding association through the securities companies to which the association has entrusted its shareholding operations.
3．Granting of the company’s shares under the program
In conjunction with the introduction of this program, the group will provide a special incentive payment equivalent to 30 shares for each member, and the shareholding association will use the funds to purchase the company’s shares on the market and grant them to the members. (The grant will be completed in March 2026). The recipients of the special incentive grants must be employees and members of the MOL Group as of a record date to be determined by MOL between March 2025 and February 2026.
The outline of the shareholding association subject to the program is as follows
(1) Name: MOL Employee Shareholding Association
(2) Location: 1-1, Toranomon 2-chome, Minato-ku, Tokyo
(3) Chairman: Shoichi Kataoka
(4) Number of shares held: 2,003,711 shares (as of September 30, 2024)
(5) Percentage of shares held: 0.55% (as a percentage of the number of shares issued)
4．Other
This program is intended for the MOL group located in Japan. However, we are also considering initiatives to promote human capital management, as we envision it, for our group companies located overseas.
The introduction of this program will have a negligible impact on the MOL Group’s consolidated business performance.
Source: Mitsui O.S.K. Lines
