TOKYO, Jun 11 (Pulse News Wire) – Choushimaru CO.,LTD. (3075.T) resolved today to issue restricted shares as compensation to its directors, executive officers, and employees.
The resolution was made during a board meeting held. The share distribution, scheduled for June 26, 2026, involves issuing ordinary shares totaling 7,700. Each share will be sold at ¥1,606 per share, resulting in a total value of ¥12.4 million. One director, three executive officers, and twelve employees will receive shares worth ¥12.4 million respectively. The shares will be granted based on their contributions and various factors considered by the company. The purpose of this initiative is to align the interests of management with those of shareholders by making them share the risks and benefits associated with stock price fluctuations.
Additionally, it aims to enhance their commitment towards increasing stock prices and corporate value. The restricted period for these shares is set from June 26, 2026, to June 25, 2029. During this restricted period, recipients cannot transfer, pledge, or dispose of the shares without approval. However, upon completion of the initial regular general meeting of shareholders following the grant date, or if the recipient ceases to hold any position within the company due to valid reasons recognized by the board, the company reserves the right to acquire such shares free of charge. In case of organizational restructuring involving mergers or spin-offs approved during the restricted period, the restrictions will also be lifted accordingly. The shares will be managed through accounts opened at SMBC Nikko Securities according to methods designated by the company until the lifting of restrictions.
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