TOKYO, May 29 (Pulse News Wire) – Ichibanya CO.,LTD. (7630.T) announced today that its board of directors has approved the distribution of restricted shares to executives on June 26, 2026.
The company will distribute ordinary shares worth ¥882 per share, totaling ¥21.8 million. The shares will be distributed to three non-outsider directors and four executive officers who do not concurrently hold director positions. Each recipient will receive shares based on their service period and performance during the restriction period, which ends upon their departure from their respective roles.
Under the restricted stock grant agreement, recipients cannot sell or pledge the shares until the end of their designated service period. Should a recipient retire due to normal reasons within the restriction period, the number of shares eligible for release will be prorated based on the time served. Any unreleased shares will revert to the company free of charge.
The distribution price was set at the closing price of Ichibanya's ordinary shares on the Tokyo Stock Exchange on May 28, 2026, ensuring fairness and avoiding preferential treatment.
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