TOKYO, Jun 23 (Pulse News Wire) – Katitas Co.,ltd (8919.T) announced today that its board of directors approved the distribution of restricted shares as part of its long-term incentive program. On June 23, 2026, the company will distribute 9,650 ordinary shares to two executives and one subsidiary director, totaling ¥32.2 million.
Each share will be valued at ¥3,335 per share. The distribution aligns with the company's goal of enhancing shareholder value and fostering closer alignment with stakeholders. Under the restricted stock grant agreement, recipients cannot sell, pledge, or otherwise dispose of the shares until their respective positions within the KATITAS group are terminated, subject to certain conditions.
The restrictions will lapse upon continuous service through the next annual shareholders' meeting or earlier due to death or other circumstances deemed valid by the board. This issuance represents less than 0.01% of the total outstanding shares as of March 31, 2026, which the company considers reasonable for achieving the intended objectives. The shares will be managed in a dedicated account at Nomura Securities during the restriction period to ensure compliance with the terms outlined in the agreement.
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