Ahresty Approves Restricted Share Awards for Executives

TOKYO, Jun 29 (Pulse News Wire) – AHRESTY CORPORATION (5852.T) resolved at its board meeting held on June 29 to distribute restricted shares as part of its incentive program. The distribution will take place on July 17, involving 74,944 ordinary shares valued at ¥695 per share, totaling ¥52.1 million.

The shares will be allocated to four directors and four executive officers based on their performance and contributions. Under the program, 44,310 shares are designated as service-based restricted shares, while 30,634 shares are performance-linked restricted shares. Service-based shares come with a two-year restriction period ending on July 1, 2027, whereas performance-linked shares are subject to restrictions until July 17, 2028.

In case of early termination due to reasons deemed valid by the board, such as death or retirement, the company reserves the right to reclaim the shares without compensation. The issuance price was determined based on the closing price of AHRESTY's ordinary shares on the Tokyo Stock Exchange Prime Market on June 26, which was set at ¥695. This pricing aligns with the market value immediately preceding the board resolution, ensuring fairness and avoiding undue advantage.

This initiative aims to enhance long-term performance alignment and incentivize key personnel further, fostering greater shareholder value creation in line with the company’s strategic goals outlined in its medium-term plan.