Kawase Computer Supplies to Distribute Restricted Shares to Executives on Aug 24

TOKYO, Jul 24 (Pulse News Wire) – Kawase Computer Supplies CO.,LTD. (7851.F) announced that its board of directors decided to distribute restricted shares as part of executive compensation on August 24.

A total of 80,000 ordinary shares will be distributed to two executives without requiring cash payment or property exchange. The fair value of these shares was determined based on the closing price of the company's ordinary shares on July 23, which was ¥187. The total valuation amounted to ¥15.0 million. The distribution follows the introduction of a restricted share-based remuneration system aimed at enhancing long-term corporate value and fostering greater alignment with shareholders' interests.

Shareholders approved the system during the 69th regular general meeting held on June 26, 2024. Under this system, the annual issuance or disposal of ordinary shares does not exceed 80,000, with a total compensation amount capped at ¥40 million per annum outside existing monetary compensation frameworks. Each recipient executive will enter into individual agreements stipulating that the shares cannot be transferred, pledged, or otherwise disposed of until their tenure ends. Restrictions will lift upon continuous service through the next annual shareholder meeting, subject to exceptions such as death or resignation due to valid reasons.

In case of early termination, restrictions will partially lift proportionally to the months served within the defined period.