TOKYO, May 27 (Pulse News Wire) – Izumi CO.,LTD. (8273.T) announced today that its board of directors has approved the issuance of restricted shares to five directors and nineteen executive officers.
The share distribution, scheduled for June 26, 2026, involves a total of 106,095 ordinary shares valued at ¥902 per share. Under the company's incentive program introduced in February 2021, directors and executives will receive these restricted shares in lieu of monetary compensation. The shares come with restrictions prohibiting their sale or transfer until June 26, 2026, and beyond, contingent upon continued service through the fiscal year ending May 26, 2026.
In case of early termination due to death or resignation, partial lifting of restrictions applies based on months served. Additionally, Izumi has entered into individual agreements with recipients detailing conditions such as prohibition on transferring shares during the restriction period and automatic forfeiture back to the company should certain events occur. The shares will be managed by Nomura Securities in dedicated accounts to ensure compliance with the restrictions.
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