ACCESS GROUP HOLDINGS CO.,LTD. [7042.T]
TOKYO, May 15 (Pulse News Wire) – Access Group Holdings CO.,LTD. (7042.T) resolved today during its board meeting to revise its restricted stock compensation plan for directors, which was approved at the 31st Ordinary General Meeting of Shareholders held on December 24, 2020.
The revised proposal will be presented at the upcoming 37th Ordinary General Meeting of Shareholders scheduled for June 26, 2026. The primary objective of the revision is to enhance incentives for directors to continuously improve the long-term corporate value and shareholder returns while deepening value-sharing with shareholders. Under the existing plan, director remuneration was capped at ¥11 million annually outside the regular cash compensation framework, and the total number of ordinary shares granted or disposed of did not exceed 12,000 per annum (post-share split on April 1, 2025, reduced to 24,000).
Under the proposed changes, annual remuneration for directors will now be limited to ¥35 million outside the regular cash compensation framework, and the total number of ordinary shares granted or disposed of will be capped at 50.00 billion shares annually. These modifications aim to strengthen the alignment between executive performance and shareholder interests. No other significant alterations to the original plan approved on December 24, 2020, will be made.
The final approval of the revised plan remains contingent upon shareholder consent at the upcoming general meeting.
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