ANA Ana Hldgs

TIDMANA

RNS Number : 6142N

ANA Holdings Inc

19 May 2015

May 19, 2015

 
 Company name:     ANA HOLDINGS INC. 
 Representative:   Shinya Katanozaka, President 
                    &CEO 
                   (Code No: 9202 TSE 1st Section) 
 Inquiries:        Yuzo Hara, Director of 
                    Corporate Communication 
                    office 
                    General Administration & 
                    CSR Promotion 
                   (Tel. 03-6735-1001) 
 

Notification of the Introduction of a New Share Remuneration Plan for the Company's Directors

Today, the board of directors of ANA HOLDINGS INC.("Company") resolved in its meeting to revise the remuneration plan of the directors and introduce a performance-based share remuneration plan (the "Plan") as a new incentive plan, and decided to propose the Plan for approval at the 70th Ordinary General Meeting of Shareholders to be held on June 29, 2015 (the "OGM"). Accordingly, the Company hereby notifies you as follows.

1. Background and purpose of introduction

The Plan purports to further enhance the connection between the remuneration of directors (other than external directors; Hereinafter the same) and mid-term and long-term operating performance and share value, and to cause the directors to closely share with shareholders not only the benefits of stock price increases but also the risk of stock price reductions, and thereby increase the directors' motivation to make contributions to increase the Company group's mid-term and long-term performance and corporate value.

In order to ensure the adequacy of the remunerations of directors, etc. and transparency of the determination process thereof the Company has established a remuneration advisory committee to serve as an advisory organization for the board of directors, whereas a majority of its members consist of external directors and external experts. The remuneration advisory committee will conduct discussions before the board of directors determines the remuneration policy.

The introduction of the Plan for directors will be discussed in the remuneration advisory committee and resolved at the meeting of the board of directors before it is proposed for approval at the OGM. The Plan will be introduced subject to the approval of the OGM.

To date, the remunerations of directors were comprised of "basic remuneration" with a fixed amount, and a "bonus", which is a "performance-based remuneration" delivered in cash with an amount that varies depending on the achievement of performance. After the introduction of the Plan, the remunerations of directors will consist of not only the existing "basic remuneration" and "bonus," but also the "share remuneration" which is a "performance-based remuneration" delivered in shares, etc. The remuneration of external directors will continue to consist of the fixed amount remuneration (monthly payment) only. See attached PDF for details

http://www.rns-pdf.londonstockexchange.com/rns/6142N_-2015-5-19.pdf

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END

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