TOKYO, Jun 17 (Pulse News Wire) – Hamakyorex CO.,LTD. (9037.T) announced today that its board of directors, held, approved a plan to distribute restricted shares as part of their compensation program.
The distribution is set to take place on July 16, 2026, involving the issuance of ordinary shares worth a total of 7.3 million based on a price per share of ¥1,823. This initiative follows a resolution made during the June 14, 2023, board meeting aimed at incentivizing long-term value creation and fostering greater alignment with shareholders. Under this scheme, five internal directors will receive restricted shares totaling 4,000 ordinary shares through a cash conversion process. The amount of cash compensation bonds given to each director was determined considering the company's performance and individual responsibilities.
The restricted shares come with conditions prohibiting transfers until July 17, 2026, or upon resignation or retirement from any position within the company. Additionally, should a director fail to meet the service requirements during the defined period, the company reserves the right to acquire the untransferred shares without payment. In cases of significant organizational restructuring, the restrictions could be lifted earlier based on board discretion. The shares will be managed exclusively through accounts designated by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., ensuring compliance with the imposed limitations.
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