Juroku Financial Group,Inc. [7380.T]
TOKYO, Jun 19 (Pulse News Wire) – Juroku Financial Group,inc. (7380.T) announced today that its board of directors has approved the disposal of restricted shares on July 17.
The company plans to distribute 30,028 ordinary shares at a price of ¥2,222 per share, totaling ¥166.7 million. The shares will be distributed among five non-outsider directors, nine executive officers, seven directors of Shichiku Bank (excluding outsider directors), and eleven bank executives (excluding directors). This distribution is part of the company's ongoing effort to align compensation with long-term value creation.
The shares are subject to restrictions until April 1, 2027, during which time they cannot be transferred without approval. Additionally, the shares will be managed through a special account at Nomura Securities Co., Ltd., ensuring compliance with the transfer limitations. The disposal price was determined based on the closing price of Juroku Financial Group’s ordinary shares on the Tokyo Stock Exchange Prime Market on June 18, which was set at 2,¥222.
This valuation is considered reasonable and does not offer any undue advantage to the recipients.
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