Geolive Group to Introduce Restricted Share Compensation Plan

TOKYO, May 25 (Pulse News Wire) – GEOLIVE Group Corporation (3157.T) announced plans to introduce a restricted share compensation plan for its directors at a board meeting held. The proposal will be presented to shareholders at the upcoming 17th Annual General Meeting scheduled for June 25, 2026.

Under the proposed plan, eligible directors would receive ordinary shares subject to transfer restrictions either through (free issuance method) or (property contribution method). The total number of shares issuable annually under this plan is capped at 60,000 shares (with up to 5,000 shares for outside directors). The aggregate value of shares issued annually is limited to ¥75 million (up to ¥6.5 million for outside directors).

The plan aims to incentivize long-term growth and align interests with shareholders. Shares granted under this scheme will be subject to holding periods until the director leaves their position. A separate agreement will govern the issuance process, prohibiting transfers during the restriction period and allowing the company to reclaim shares under certain conditions.

Additionally, the company intends to extend similar benefits to directors of its subsidiaries contingent upon shareholder approval at the annual general meeting.