Kanadevia Extends Equity Compensation Trust Period for Directors and Executives

TOKYO, Aug 06 (Pulse News Wire) – Kanadevia Corporation (7004.T) announced today that its board of directors has decided to extend the trust period of its equity compensation program for directors and executives, excluding external directors and non-resident domestic members, which was implemented in fiscal year 2024. Under the extended program, the trust period for the equity compensation trust (BIP Trust) will now end on August 31, 2027, instead of August 31, 2026.

The company plans to continue providing stock grants to eligible directors and executives as part of their incentive package through March 31, 2027. No additional capital contributions or share acquisitions will occur during the extended period.