JAPAN ELECTRONIC MATERIALS CORPORATION [6855.T]
TOKYO, Jun 25 (Pulse News Wire) – Japan Electronic Materials Corporation (6855.T) announced that it will issue new shares as part of its restricted stock award program aimed at incentivizing its directors and executive officers. The issuance will take place on July 24, 2026, with a total of 6,459 ordinary shares being granted.
Each share will be priced at July 24, 2026. The program was approved during the board meeting held on June 24, 2022, and further endorsed by shareholders at the 63rd annual general meeting on June 24, 2022. It is designed to enhance long-term value creation and align interests with shareholders. Under the agreement, recipients will be subject to a holding period until their position within the company or subsidiary ends due to retirement or resignation.
During this period, the shares cannot be transferred, pledged, or otherwise disposed of without permission. In case of misconduct or breach of contract, the company reserves the right to reclaim the shares. The shares will be managed through a dedicated account at Nomura Securities Co., Ltd., ensuring compliance with the restrictions. Payment for the shares will be made using cash compensation received up to June 25, 2026 as part of the company's incentive plan.
The price per share is based on the closing price of the company’s ordinary shares on the Tokyo Stock Exchange Standard Market on June 24, 2026, which was set at July 24, 2026.
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