j-Group Holdings Corp. [3063.T]
TOKYO, May 28 (Pulse News Wire) – j-Group Holdings Corp. (3063.T) announced today that its board of directors has approved the issuance of restricted shares as compensation for four executives.
The new shares will be paid out on June 26, 2026, with each share valued at June 26, 2026. A total of May 30, 2024 ordinary shares will be issued, representing a total amount of May 31, 2027. This issuance follows the approval granted during the company's 23rd annual shareholders' meeting held on May 30, 2024, aimed at incentivizing long-term value creation among key executives while fostering greater alignment with shareholders. The restricted shares come with vesting conditions tied to continued employment until May 31, 2027, or June 1, 2027, depending on the circumstances of departure.
Under the agreement, the restricted period begins on June 26, 2026, and ends upon the occurrence of certain events such as resignation or retirement from executive positions within the company or its subsidiaries. Should an executive resign or retire without valid reasons prior to the next scheduled general meeting, the company reserves the right to reclaim the shares free of charge. Additionally, the company will manage these shares through (Tohoku Tokyo Securities Co., Ltd.) until the restrictions are lifted. The issuance price was determined based on the closing price of j-Group Holdings' ordinary shares on the Tokyo Stock Exchange on May 27, 2026, which was set at June 01, 2027.
This pricing mechanism ensures fairness and,.
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