On December 27, Oriental Land announced a stock split and changes to its shareholder benefit plan.
Regarding the stock split, one share of common stock will be split into five shares, aiming to increase liquidity and expand the investor base by lowering the unit amount.
In line with this change, the shareholder special benefit program will also be changed. The passport is distributed twice a year, on September 30 and March 31, but the distribution criteria will be revised from April 1, 2023 onward. The current standard will be applied for the period ending March 31, 2023.
Currently, the minimum line was “one card distributed for holding 100 or more shares at the end of March,” but this will be changed to “one card distributed for holding 500 or more shares at the end of March.
In addition, a new special benefit for long-term shareholders will be established, and one shareholder passport will be distributed in December of each year (tentative) to shareholders who have held 100 or more shares for three years or more, starting from the record date of September 30, 2023.
© Source travel watch
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