Globe-Ing Griffin Corporation completes employee stock issuance; reduces share count due to eligibility changes

TOKYO, Apr 30 (Pulse News Wire) – Griffin Corporation (277A.T) announced today that the subscription process for its restricted share issuance to employees was completed . The number of shares issued has been reduced from the initial plan due to some employees failing to meet the allocation criteria by the distribution date.

Key details of the revised issuance include: - Issuance date: April 30, 2026 - Share type: Ordinary shares - Number of shares issued: 84,092 (originally planned for 287,966 shares) - Price per share: ¥2,044 - Total value of issuance: ¥171.9 million Originally, the issuance was intended for 133 employees but now involves 120 eligible recipients. The reduction stems from 13 employees who did not qualify for the allocation upon the distribution date.

In light of these adjustments, the company stated there would be no impact on its fiscal year May 2026 performance forecasts. CFO Xie Lin Xiuming is available for further inquiries.