B-Lot Company Limited [3452.T]
TOKYO, Apr 02 (Pulse News Wire) – B-Lot Company Limited (3452.T) resolved today to distribute restricted share awards to its executives and employees. The distribution will take place on April 02, 2026 and involves the issuance of ordinary shares totaling 320,000.
Each share will be priced at ¥1,460 per share, resulting in a total value of ¥467.2 million. The awards will be distributed among four directors, excluding audit committee members, who will collectively receive 260,000 shares; four executive officers receiving 40,000 shares; and 54 employees getting 18,500 shares. Additionally, two subsidiary directors will receive 1,500 shares. A portion of these awards—217,000 shares—will carry a 30-year restriction period. The purpose of these restricted share awards is to incentivize long-term growth and align employee interests with shareholder gains. The awards stem from resolutions made during previous annual general meetings held on March 28, April 17, 2026, and March 28, March 28, 2019.
Details of the award program include varying restrictions based on tenure and position. Shares awarded to directors and executive officers will have restrictions lasting until either 2056 or 2029, while those allocated to employees will remain restricted until 2029. Specific conditions apply for lifting these restrictions, such as continued service within the company or subsidiaries up to certain dates. In cases of early departure, the company reserves the right to reclaim the shares without compensation. The shares will be managed through accounts set up with SMBC Nikko Securities, ensuring compliance with the stipulated holding periods and restrictions. Any organizational restructuring leading to the dissolution of the company would trigger earlier release of restrictions according to predefined formulas.
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