ASAHI BROADCASTING GROUP HOLDINGS CORPORATION [9405.T]
TOKYO, Jun 24 (Pulse News Wire) – ASAHI BROADCASTING GROUP HOLDINGS CORPORATION (9405.T) resolved to distribute restricted stock awards to directors at a board meeting held on June 24, 2026. The distribution, set for July 24, 2026, involves issuing ordinary shares worth ¥769 per share, totaling ¥46.0 million.
The shares will be allocated to three executive directors and five executives, amounting to 59,814 shares in total. The purpose of this award is to incentivize long-term value creation and enhance shareholder value, as decided in a previous board meeting on May 08, 2018. Additionally, the company's non-executive directors and subsidiary executives also qualify for similar awards based on their performance and contributions. The restricted period for these shares lasts 30 years, during which the recipients cannot sell or pledge the shares without fulfilling certain conditions related to continued service within the group.
Under the agreement, the shares will be managed through a dedicated account at Daiwa Securities Co., Ltd. until the restrictions expire. In case of organizational restructuring involving the company, the restrictions could be lifted earlier based on specific criteria outlined in the resolution. The price for the shares was determined based on the closing price of the company’s ordinary shares on the Tokyo Stock Exchange on June 23, 2026, ensuring fairness and reflecting the company's market valuation accurately.
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