TOKYO, Jun 26 (Pulse News Wire) – Gendai Agency Inc. (2411.T) resolved at today’s board meeting to issue restricted shares as compensation to internal directors and executives.
The company plans to distribute ordinary shares worth ¥447 per share totaling ¥160.9 million on July 24, 2026 to three directors and six executives. The total number of shares distributed will be 360,000. Under the newly implemented restricted stock award program, recipients cannot sell, pledge, gift, or otherwise dispose of their allocated shares during the restriction period, which ends upon resignation, retirement, or death while holding their respective positions until 2031.
In case of early termination due to valid reasons, partial lifting of restrictions will apply based on tenure served. Should the recipient resign without valid reason within the service period, the company retains the right to reclaim the shares free of charge. Additionally, the company entered individual agreements with recipients detailing conditions such as management of shares through Mizuho Securities Co., Ltd., and handling procedures during organizational restructuring events.
The issuance price was determined based on the closing price of Gendai Agency's ordinary shares on the Tokyo Stock Exchange on June 25, 2026, which was ¥447.
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