Ad-Sol Nissin Corporation [3837.T]
TOKYO, Apr 22 (Pulse News Wire) – Ad-Sol Nissin Corporation (3837.T) resolved today to distribute restricted shares to its employees as part of its incentive program aimed at fostering sustainable growth and promoting value-sharing with shareholders. The distribution will take place on July 2, 2026, involving the issuance of 8,774 ordinary shares at a price of ¥1,540 per share, totaling ¥13.5 million.
The shares will be allocated to 112 eligible employees who hold key positions within the company but are not directors. Under the restricted stock award system, employees will receive cash compensation bonds amounting to ¥13.5 million in total. In exchange, they will contribute these bonds towards acquiring restricted shares worth 8,774. Each employee's allocation will be determined based on their contributions and various factors.
The restricted shares come with conditions prohibiting transfers until July 1, 2027, except under certain circumstances such as retirement due to death, reaching retirement age, or contract expiration during the restriction period. Additionally, Ad-Sol Nissin will immediately acquire any unrestricted shares upon termination of employment. In cases of organizational restructuring approved by the board or shareholders' meeting, restrictions may also be lifted earlier according to predefined criteria. To ensure compliance with the restrictions, the company has entered into agreements with Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
For managing the dedicated accounts holding these restricted shares.
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