KYODO PUBLIC RELATIONS CO.,LTD. [2436.T]
TOKYO, Mar 27 (Pulse News Wire) – Kyodo Public Relations CO.,LTD. (2436.T) resolved today to issue restricted stock awards to its directors and employees as part of its incentive program aimed at enhancing long-term corporate value and fostering closer ties with shareholders.
The company plans to distribute ordinary shares worth approximately 23.1 million based on the closing price of ¥1,010 per share on March 26, 2026, the day prior to the board resolution. Under the plan, eight directors (excluding audit committee members) and 33 employees will receive the restricted stock awards. Directors will hold their shares subject to restrictions until April 23, 2027, while employees' holding period extends until April 23, 2026.
The awards aim to align employee interests with those of shareholders and boost motivation towards corporate growth. The restricted stock awards are subject to certain conditions, such as continued employment during the restriction period. In case of early termination due to predefined reasons, the lifting of restrictions and repurchase terms will be adjusted accordingly.
Additionally, should organizational restructuring occur within the restriction period, the company reserves the right to lift restrictions and acquire remaining shares without compensation.
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