TOKYO, May 20 (Pulse News Wire) – Fujikura Ltd. (5803.T) introduced a restricted share compensation plan for its non-audit committee directors during today's board meeting.
The plan aims to incentivize sustainable growth and enhance shareholder value. The company plans to seek shareholders' approval for the new scheme at its upcoming annual general meeting scheduled for June 26, 2026. Under the new plan, eligible directors will receive either ordinary shares or cash-settled equity awards. The total amount of such rewards per annum will be capped at ¥500 million.
Additionally, the number of newly issued or distributed ordinary shares will be limited to 212,000 shares annually. Shares granted under this plan will come with restrictions prohibiting transfers for a certain period, which will be determined based on the closing price of Fujikura’s ordinary shares on the Tokyo Stock Exchange prior to each issuance decision. In conjunction with the introduction of this new plan, Fujikura intends to phase out its existing unrestricted share-based remuneration system once the new plan receives shareholder approval. Existing points awarded under the old system will remain valid until their conversion into shares or cash equivalents is completed.
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