Hiroshima Electric Railway to Distribute Restricted Shares to Executives on July 24

TOKYO, Jun 26 (Pulse News Wire) – Hiroshima Electric Railway CO.,LTD. (9033.T) announced that its board of directors resolved on June 26 to distribute restricted shares to executives on July 24.

The distribution involves ordinary shares totaling 12,017 at a price of ¥624 per share, amounting to a total value of ¥7.5 million. The shares will be distributed to six named executives as part of a long-term incentive program aimed at enhancing shareholder value and aligning executive interests with those of shareholders. Under the program, the restricted shares cannot be transferred or used as collateral during the restriction period from July 24, 2026, until the executives retire from their positions.

The company retains the right to acquire such shares without compensation if an executive leaves before the end of the restriction period due to reasons other than legitimate causes recognized by the board. In addition, the company has established conditions for managing these restricted shares through a dedicated account with Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., ensuring compliance with the restrictions throughout the designated period. The share price for the distribution was determined based on the closing price of the company's stock on the Tokyo Stock Exchange on June 25, 2026, which was deemed reasonable and free from arbitrary valuation.