TOKYO, May 20 (Pulse News Wire) – Fujikura Ltd. (5803.T) decided today during its board meeting to continue its share-based compensation plan for directors and executives.
The company also resolved to entrust additional funds to the trustee for acquiring more shares under the plan. In May 2025, the company's board approved the continuation of the plan targeting directors (excluding external directors who are audit committee members). Additionally, at the 177th Ordinary General Meeting of Shareholders held on June 27, 2025, shareholders agreed to amend certain aspects of the director’s share-based compensation program. Details of the plan can be found in the notice dated May 22, 2017, and the fifth agenda item of the 177th Ordinary General Meeting of Shareholders. The trust, established on August 15, 2017, will acquire up to 362,300 ordinary shares through the disposition of treasury stock, with a total value of May 20, 2026 and May 21, 2025.
The acquisition is scheduled for June 4, 2026, and the trust is set to conclude by the end of August 2026. The trustee, Sumitomo Mitsui Trust Bank Co., Ltd. (with Nippon Custodian Bank Co., Ltd. as the sub-trustee), will manage the trust independently from the company and its officers. Voting rights associated with the shares within the trust will not be exercised throughout the term of the trust.
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