TOKYO, May 11 (Pulse News Wire) – ES Networks CO.,LTD. (5867.T) announced today that its board of directors resolved to issue restricted shares to employees through the disposal of treasury stock and issuance of new shares on June 2, 2026.
A total of 158 employees will receive ordinary shares valued at ¥1,230 per share, amounting to a total value of ¥187,560,000. The restricted shares will vest over a two-year period from June 2, 2026, to June 1, 2028. During this period, employees must remain in their positions within the company or its subsidiaries to retain the shares. In case of retirement due to reasons such as reaching the mandatory retirement age or death, the restrictions will lift immediately upon leaving the position.
Any shares held by employees who resign for reasons unrelated to the aforementioned conditions will beacquired by the company. The allocation of shares is based on the fair market value determined by the closing price of ES Networks' ordinary shares on the Tokyo Stock Exchange's Mothers market on May 8, 2026, which was ¥1,230 per share. This valuation method ensures objectivity andin determining the issue price. The restricted shares will be managed by SBISecurities in dedicated accounts set up by the recipients during the restriction period to prevent transfers or pledges.
🟡 Confidence: Standard AI-translated content.