INFRONEER Holdings Inc. [5076.T]
TOKYO, Jun 23 (Pulse News Wire) – INFRONEER Holdings Inc. (5076.T) resolved today to distribute restricted shares to its directors and executives as part of its incentive program aimed at enhancing long-term corporate value and shareholder interests.
The distribution, set for July 22, involves awarding ordinary shares worth approximately ¥1,000,000 based on the closing price of June 22, without monetary compensation. A total of 17,588 shares will be distributed among seven directors and six executive officers. Additionally, the company plans to grant restricted shares to 95 subsidiary directors and executive officers through a similar mechanism. Subsidiary recipients will receive shares valued at ¥1,000 per share, totaling ¥73,647,000.
These distributions aim to align employee incentives with shareholder value and promote sustained growth within the group. Under the restricted stock agreement, recipients cannot sell or pledge their shares until they complete their respective service periods. For directors and executives, this period extends from the issuance date to the next annual general meeting. In case of early termination due to death or valid reasons recognized by the remuneration committee, partial lifting of restrictions applies proportionally to the completed service period.
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