TOKYO, Jun 22 (Pulse News Wire) – BPLATS,Inc. (4381.T) announced today that its board of directors, held, approved the issuance of new shares as part of its restricted stock compensation program.
The issuance will take place on July 21, 2026, involving the distribution of ordinary shares worth a total of ¥2.6 million. Four executive officers will receive these shares based on their performance and contributions to the company. The restricted stock program was initially introduced in May 2019 and further endorsed in June 2019 during the 13th annual general meeting. Under this scheme, executives receive monetary compensation bonds which are converted into company shares subject to restrictions on transferability for up to 30 years. The share price for the new issue is set at ¥256 per share, determined by the closing price of BPLATS,Inc.'s ordinary shares on the Tokyo Stock Exchange on June 19, 2026.
The agreement stipulates that the restricted period runs from July 21, 2026, to July 20, 2056. During this time, recipients cannot sell, pledge, or otherwise dispose of the shares without approval from the company's board. Upon termination due to retirement or other legitimate reasons, a portion of the shares may be released according to predefined conditions. In case of death, the remaining shares revert to the company free of charge upon resolution by the board. This initiative aims to align executive interests with shareholder value over the long term while ensuring continued motivation and retention of key talent within the organization.
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