TOKYO, May 13 (Pulse News Wire) – Himacs,ltd. (4299.T) announced today that its board of directors, held, approved the issuance of restricted shares as part of an incentive plan celebrating the company's 50th anniversary.
The plan involves distributing 50 ordinary shares per employee through the company’s Employee Shareholding Association (ESHA). Key details of the share distribution include: - Distribution date: September 18, 2026 - Total number of shares: Up to 59,300 shares based on maximum eligible employees - Price per share: Determined based on the closing price of HIMACS' ordinary shares on the Tokyo Stock Exchange on May 12, 2026, which was ¥1,169 The distribution will be subject to restrictions until May 31, 2029, allowing employees to hold the shares without transferring them during this period.
Restrictions will lift upon meeting certain conditions such as continuous membership in the ESHA throughout the restriction period. This initiative aims to enhance employee welfare and align their interests more closely with those of shareholders, thereby boosting long-term corporate value.
The diluted share count resulting from this issuance is expected to have a minor impact on the market, with the dilution ratio being approximately 0.54% compared to the total outstanding shares as of March 31, 2026, which stood at 11,000,000.
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