TOKYO, Mar 30 (Pulse News Wire) – GiG Works Inc. (2375.T) resolved today to distribute restricted shares worth over ¥1 billion to its executives and employees.
The distribution, set for April 20, 2026, involves 50,600 ordinary shares valued at ¥10,000 per share. Executives receiving shares include four directors totaling 11,400 shares and thirteen subsidiary directors along with eight employee recipients. The move aims to incentivize sustained growth and enhance value-sharing with shareholders. Additionally, the company introduced a restricted stock grant program in December 2023 to reward long-term performance and align interests with stakeholders.
Under the agreement, directors retain their shares until resignation or retirement, while employees hold theirs until April 19, 2029. Share restrictions lift upon meeting certain conditions, such as continuous service during the restriction period. In case of death or retirement due to valid reasons, partial lifting occurs based on tenure served. The valuation of the shares was determined based on the closing price of GiG Works' ordinary shares on the Tokyo Stock Exchange on March 27, 2026, ensuring fairness and reflecting recent market conditions accurately.
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