TOKYO, Apr 01 (Pulse News Wire) – Jade Group,inc. (3558.T) announced today that its board of directors, held on April 1, approved the implementation of an employee stock ownership plan (ESOP) aimed at boosting employees' motivation to contribute to the company's value enhancement.
The ESOP will cover employees of Jade Group and certain subsidiaries. Under the ESOP, the company will allocate shares based on predefined criteria to eligible employees who meet specific conditions. The trust fund, managed by Mitsubishi UFJ Trust and Banking Corporation and Nippon Principal Trust Bank Co., Ltd., will purchase company shares using funds contributed by the company and subsidiaries. Eligible employees will receive these shares upon meeting set requirements, fostering long-term retention and performance incentives. The total number of shares allocated under the ESOP is ¥441.9 million.
Additionally, the company decided to allot 300,000 (¥441.90 million) of treasury shares to the ESOP trust simultaneously. The ESOP structure includes provisions for dividend distribution, voting rights management, and residual asset allocation. Voting rights associated with the shares within the trust will reflect the beneficiaries' preferences, promoting active participation in governance. Upon termination of the trust, any remaining assets will revert to the company within the scope of the trust expenses reserve fund. The trust agreement is scheduled to be executed on April 15, 2026, with the term running until the end of April 2033.
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