LIFEDRINK COMPANY,INC. [2585.T]
TOKYO, Jun 25 (Pulse News Wire) – Lifedrink Company,inc. (2585.T) resolved to issue restricted stock as compensation to directors and employees during a board meeting held.
The company plans to distribute ordinary shares totaling 35,242 to five non-audit committee directors and three audit committee directors free of charge. Additionally, one employee will receive ordinary shares worth 2,610 based on their monetary claims against the company. The distribution to directors is subject to restrictions until the submission of the semi-annual report for the fiscal year containing the grant date, which is July 24, 2026. Directors will retain these shares unless they continue to serve as directors through the next annual general meeting.
In case of early termination due to reasons such as death or resignation, a portion of the shares will be released proportionally to the time served. For the employee, the issuance price is set at the closing price of Lifedrink's ordinary shares on the Tokyo Stock Exchange on June 24, 2026, which was ¥1,532 per share. This ensures a fair valuation reflecting recent market conditions without favoring the recipient unduly. This move aligns with the company’s long-term incentive program introduced in May 2022 aimed at enhancing corporate value and fostering closer alignment between management and shareholders.
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