ALPS Alpine Adjusts Share Disposition Plan After Executive Departure

TOKYO, Jul 24 (Pulse News Wire) – Alps Alpine CO.,LTD. (6770.T) completed the payment procedures for restricted share awards , and made adjustments due to the resignation of an executive who held shares.

Initially planned to distribute 53,400 common shares, the revised plan now involves distributing 50,400 common shares. Each share was priced at ¥2,087 per share, resulting in a total distribution amount of ¥105.2 million.

The changes also affected the number of directors receiving shares. Originally, four directors and ten non-executive officers were set to receive shares totaling 22,700 and 30,700 respectively.

Following the departure of one non-executive officer, the distribution count for non-executive officers decreased to nine, reducing their share allocation to 27,700 shares.