Frontier Management Inc. [7038.T]
TOKYO, Apr 15 (Pulse News Wire) – Frontier Management Inc. (7038.T) announced today that its board of directors has approved the issuance of restricted shares as employee compensation.
The new share issue, scheduled for May 29, 2026, involves the distribution of 1,000,000 ordinary shares at a price of ¥1,000 per share, totaling ¥1,000,000,000. The shares will be allocated to six executive officers and five employees. The purpose of this issuance is to enhance long-term corporate value and promote continuous employment among staff through equity ownership. Under the newly introduced restricted stock award program, eligible recipients must hold onto their shares until May 29, 2029, without transferring, pledging, or gifting them during this period.
Restrictions will be lifted based on continued service and achievement of mid-term business targets. In addition, should an eligible recipient retire or pass away before the restriction period ends, a portion of their shares will be released proportionally to their tenure. Any remaining restricted shares will be acquired by the company free of charge upon expiration of the restrictions. All awarded shares will be managed through Mizuho Securities' designated accounts until restrictions are lifted.
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