Daiko Xtech to Offer Restricted Shares to Employees via Employee Shareholding Association

TOKYO, Apr 24 (Pulse News Wire) – Daiko Xtech,ltd. (8023.T) announced today that its board of directors had approved the issuance of restricted shares through its employee shareholding association, Daiko XTECH Employee Holding Association (hereinafter referred to as “the holding association”).

The restricted shares will be distributed to eligible employees designated as management personnel based on their positions, ranging from 100 to 300 shares per individual. The distribution is scheduled for August 14, 2026, with the price set at ¥1,013 per share, resulting in a total value of ¥32.4 million. The maximum number of shares that could potentially be issued is 32,000, which would dilute the existing share count by 0.23% and voting rights by 0.25%.

The shares will be subject to a restriction period until June 1, 2029, during which time they cannot be transferred, pledged, or otherwise disposed of without approval from the holding association. In addition, the company entered into a restricted share allocation agreement with the holding association, outlining conditions such as the prohibition of transfers during the restriction period and the procedures for lifting restrictions upon meeting certain criteria. The agreement also includes provisions for acquisition by the company of unreleased restricted shares once the restriction period expires or is lifted according to predefined conditions.