TOKYO, Jun 25 (Pulse News Wire) – Careerlink CO.,LTD. (5607.NG) announced on June 25 that its board of directors had approved the introduction of a restricted share compensation plan for executives.
The plan aims to incentivize long-term value creation and promote shared value with shareholders through the issuance of restricted shares based on ordinary shares of the company. Under the plan, designated executives will contribute cash compensation received according to the program as capital contributions and will receive ordinary shares of the company in return. Specific distribution times and allocations will be determined by the board's resolution.
The subscription price per share will be set at the closing price of the company’s ordinary shares on the Nagoya Stock Exchange on the last trading day prior to the board meeting approving the issuance or disposal of such shares. Additionally, the company will enter into a restricted share allocation agreement with designated executives. This agreement will prohibit the transfer of allocated shares to third parties for a fixed period and allow the company to acquire such shares free of charge under certain conditions.
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