TOKYO, May 28 (Pulse News Wire) – Eat&holdings Co.,ltd (2882.T) announced today that its board of directors, held, approved the issuance of restricted shares to certain directors. The issuance will take place on June 26, 2026, involving the distribution of ordinary shares worth a total of ¥28.2 million.
Each share will be priced at ¥2,000 per share, with a total issuance amounting to ¥28.2 million. This move is part of the company's incentive program aimed at enhancing long-term value creation and fostering closer alignment with shareholders. Under this program, non-outsider directors received monetary compensation up to ¥60 million annually, which they would convert into company shares within a limit of 40,000 shares per year.
The restricted shares cannot be transferred until the directors' positions are vacated, subject to conditions outlined in the agreement. In addition, the company noted that the issuance price was determined based on the closing price of its ordinary shares on the Tokyo Stock Exchange Prime Market on May 27, 2026, which was set at ¥2,000. This ensures fairness and, The restricted shares will be managed through a dedicated account at Nomura Securities during the restriction period to prevent any transfers or encumbrances.
The company has entered into agreements with Nomura Securities to ensure the effectiveness of these restrictions.
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