Fujibo Holdings to Distribute Restricted Share Awards on July 22

TOKYO, Jun 26 (Pulse News Wire) – Fujibo Holdings,inc. (3104.T) resolved at its board meeting held on June 26 to distribute restricted share awards to its directors and executive officers.

The distribution will take place on July 22, involving Fujibo Holdings common shares totaling 10,996. Each share will be valued at ¥4,290, resulting in a total value of ¥47.2 million. The awards are part of a restricted stock compensation program aimed at incentivizing long-term growth and fostering greater alignment between management and shareholders.

Under this program, five directors and nine executive officers will receive cash compensation bonds worth ¥23.6 million and ¥23.6 million, respectively, which will be settled through the issuance of Fujibo Holdings common shares amounting to 10,996. The restrictions on these shares will last until either the recipient's departure from their position or the filing of the semi-annual report for the fiscal year in which the award was granted, whichever is later. Additionally, the company entered into individual agreements with recipients detailing conditions such as prohibition on transferring the shares during the restriction period, automatic forfeiture upon early termination of service, and special provisions for organizational restructuring events.

Shares will be managed in dedicated accounts at Mitsubishi UFJ Trust and Banking Corporation to ensure compliance with the restrictions.