BRONCO BILLY Co.,LTD. [3091.T]
TOKYO, Apr 15 (Pulse News Wire) – Bronco Billy CO.,LTD. (3091.T) resolved at its board meeting on April 15 to issue restricted shares to its executives as part of an incentive program aimed at enhancing long-term corporate and shareholder value.
The company plans to distribute ordinary shares worth ¥4,375 per share to four directors totaling 10,424 shares and to four executive officers totaling 12,000 shares on May 14, 2026. Under the new compensation system, directors and executive officers will receive equity grants tied to their performance and tenure, subject to restrictions on transferring these shares until certain conditions are met. The shares cannot be sold during the restriction period, which begins on May 14, 2026, and ends either upon the recipient's departure from their position or after six months post-departure, whichever comes later.
In addition, the company retains the right to repurchase these shares without payment if the restrictions are not lifted within the stipulated timeframe. This initiative follows the approval granted at the company’s annual shareholders' meeting held on March 17, 2022, allowing for the issuance of up to 12,000 ordinary shares annually under this scheme. The total monetary compensation allocated for this purpose does not exceed ¥100 million per annum.
🟡 Confidence: Standard AI-translated content.