KYORITSU MAINTENANCE CO.,LTD. [9616.T]
TOKYO, Jun 25 (Pulse News Wire) – Kyoritsu Maintenance CO.,LTD. (9616.T) resolved to issue restricted shares as part of its stock compensation program.
The company plans to distribute ordinary shares worth ¥2,926 per share on July 17, 2026, totaling ¥130.2 million. This includes shares allocated to nine directors, four non-executive officers without director status, and twenty-one subsidiary directors. Under the program, shareholders will hold these restricted shares until their positions within the group end.
Any shares not transferred due to restrictions will be acquired by the company upon expiration of the restriction period. The distribution aims to align executive interests with shareholder value and encourage contributions to corporate growth. The company also detailed conditions for lifting restrictions, such as continued service until specific dates, and management procedures for holding the shares through SMBC Nikko Securities.
Additionally, provisions address how the restrictions would apply during organizational restructuring events approved by the board or shareholders.
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