TOKYO, Mar 19 (Pulse News Wire) – Kamakura Shinsho,ltd. (6184.T) resolved at today’s board meeting to issue free-of-cost subscription warrants to a trust ("¥1SO Trust") and introduce an incentive program for executives and employees through the trust structure.
The resolution requires approval at the upcoming 42nd annual shareholders' meeting scheduled for April 24, 2026. The incentive program aims to enhance employee motivation and long-term corporate value by providing stock options based on future contributions. The program will grant subscription warrants to eligible executives and employees during their tenure within the target period from January 2027 to March 2077. Executives will typically receive their grants upon retirement, while employees will receive theirs upon leaving the company. Under the plan, Kamakura Shinsho will allocate subscription warrants to the trust at a strike price of ¥1.
The trust will manage these warrants until maturity, protecting beneficiaries’ rights throughout the term. Points awarded to employees according to performance criteria will entitle them to corresponding warrants delivered via the trust. The trust structure includes setting up a trustee, Cotare Trust Co., Ltd., and appointing an independent manager to oversee operations. The trust agreement stipulates that the warrant issuance amount, executive compensation limits, and program introduction require special resolutions at the shareholders' meeting. The trust duration spans approximately 50 years, from June 2026 to March 2077.
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