TOKYO, Mar 27 (Pulse News Wire) – Airtech Japan,ltd. (6291.T) announced today that its board of directors approved the issuance of restricted shares to the company's employee stock plan, known as the Japan Employee Stock Ownership Plan (ESOP).
The shares will be transferred to the ESOP on June 19, 2026, subject to certain conditions. Under the plan, up to 15,960 ordinary shares will be offered to eligible employees at a price of ¥1,258 per share, resulting in a total value of ¥20.1 million.
The shares will be subject to restrictions until June 1, 2029, during which time transfers and pledges will be prohibited. Employees who remain members of the ESOP throughout the restriction period will be able to lift these restrictions upon meeting specified criteria.
Additionally, the company noted that the pricing was determined based on the closing price of its shares on the Tokyo Stock Exchange Standard Market on March 26, 2026, ensuring fairness and, This initiative aims to enhance employee welfare and align their interests with those of shareholders, fostering long-term sustainable growth for the company.
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