TOKYO, Apr 28 (Pulse News Wire) – CL Holdings Inc. (4286.T) decided to repurchase restricted shares as part of its share-based compensation program during a board meeting held today.
The repurchase will take place on May 15, 2026, involving ordinary shares totaling 12,960. Each share will be repurchased at ¥1,139 per share, amounting to a total value of ¥14.8 million. The shares will be distributed among two categories: two directors who will receive shares upon retirement and 16 executive officers who will receive shares contingent on continued employment for a set period. Additionally, the company has filed a securities notification according to the Financial Instruments and Exchange Act. In February 2023, the company introduced a restricted stock award system aimed at enhancing long-term corporate value and aligning interests with shareholders. In March 2023, the annual general meeting approved the issuance of restricted shares based on monetary rewards up to ¥50 million annually to eligible directors.
The total number of ordinary shares newly issued or disposed of under this system does not exceed 65,000 annually, adjusted as necessary due to changes in share structure post-resolution. Under the scheme, CL Holdings grants a combined cash reward bond of ¥14.8 million and 12,960 ordinary shares to eligible recipients. Recipients must contribute their entire cash reward bonds as capital contributions to acquire allocated shares. The allocation agreement stipulates restrictions on transferring, pledging, or otherwise disposing of the shares until the end of the restriction period. If a recipient resigns within one year without reappointment, CL Holdings will acquire the shares free of charge. In case of death, the company will calculate the number of shares to be acquired based on months served.
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