Japan PURE Chemical Approves Restricted Share Awards for Executives

TOKYO, Jun 24 (Pulse News Wire) – Japan Pure Chemical CO.,LTD. (4973.T) announced today that its board of directors approved the issuance of restricted share awards to executives as part of its equity compensation program.

The company plans to distribute ordinary shares totaling 5,550 on July 17, 2026, at a price of ¥5,930 per share, resulting in a total value of ¥32.9 million. The awards will be granted to two executive officers who are not non-executive directors or audit committee members, and five non-executive directors excluding audit committee members. The purpose of the program is to align management's interests with those of shareholders and enhance long-term performance and corporate value. Shares awarded will be subject to a holding period until the recipient leaves their position as a director.

Under the agreement, recipients cannot sell, pledge, gift, or otherwise dispose of the shares during the restriction period, which ends upon the recipient’s departure from the board. In case of resignation without valid reasons prior to the next annual general meeting, the company reserves the right to reclaim the shares free of charge. Additionally, the company retains the authority to adjust the vesting schedule based on organizational restructuring events. The distribution price was determined based on the closing price of the company's stock on the Tokyo Stock Exchange on June 23, 2026, which was set at ¥5,930.

This price reflects fair market conditions and is deemed reasonable and unbiased.