TOKYO, Jun 25 (Pulse News Wire) – Daiko Xtech,ltd. (8023.T) resolved at today’s board meeting to issue restricted share awards to executives of its subsidiary companies as part of their compensation.
The shares will be transferred on July 21, 2026, with each share valued at June 25, 2026. A total of 3,300 ordinary shares will be distributed among 11 executive members. The total value of the transaction is ¥3.1 million. The purpose of this issuance is to incentivize long-term growth and enhance shareholder alignment. Additionally, the company will grant monetary compensation totaling ¥3.1 million to the executives, which will be converted into equity investment through the restricted share award process.
As a result, 3,300 ordinary shares will be allocated as restricted shares. Under the terms of the agreement, the restricted shares cannot be sold, pledged, or otherwise disposed of until the executives cease to hold positions as directors or officers within the company or its subsidiaries. The restrictions will lapse upon completion of a continuous service period from the day preceding the annual general meeting held immediately prior to the payment date up to the next annual general meeting. In case of organizational restructuring during the restriction period, such as mergers or spin-offs approved by the shareholders' meeting or board, the company will acquire the restricted shares free of charge on the last trading day before the effective date of the restructuring. The valuation basis for the issuance price is based on the closing price of Daiko XTECH's ordinary shares on the Tokyo Stock Exchange on June 24, 2026, which was ¥931.
This reflects the recent market conditions and ensures a fair representation of the company's enterprise value without favoring the recipients.
🟡 Confidence: Standard AI-translated content.