ECHO TRADING CO.,LTD. [7427.T]
TOKYO, Jun 12 (Pulse News Wire) – Echo Trading CO.,LTD. (7427.T) announced that its board of directors, held on June 12, 2026, approved the issuance of restricted shares to four executives as part of its incentive program.
The issuance, scheduled for July 10, 2026, involves ordinary shares worth a total of ¥43.5 million. Each share will be priced at ¥819 per share. The restricted shares will be subject to a holding period until April 14, 2017. Under the program, executives will contribute their cash compensation bonds totaling ¥43.5 million as capital contributions to acquire the shares.
The restriction period will last for 50 years, ending on May 24, 2017. During this period, the shares cannot be transferred, pledged, or otherwise disposed of without approval. Upon completion of the restriction period or upon resignation due to retirement or other legitimate reasons, the restrictions will be lifted according to predefined conditions. Additionally, the company will unconditionally acquire any remaining restricted shares that have not been released from restrictions at the end of the period.
The shares will be managed through a dedicated account at Nomura Securities during the restriction period to ensure compliance with the program's stipulations.
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