TOKYO, Mar 25 (Pulse News Wire) – Link and Motivation Inc. (2170.T) resolved to grant restricted shares to its executives and employees who do not concurrently hold board positions.
The resolution was made during today's board meeting and will take effect on April 24, 2026. Under this program, the company will distribute ordinary shares worth a total of 24.9 million based on the closing price of ¥543 per share on March 24, 2026. The shares will be granted to three non-executive directors and two employees. Additionally, one director from a wholly-owned subsidiary will also receive shares.
The restricted shares come with conditions prohibiting their sale or use as collateral until December 31, 2028 for non-executive directors and until December 31, 2026 for the subsidiary’s director. Restrictions will lift upon continuous service throughout the restriction period or earlier due to valid reasons such as retirement. In case of termination, the number of shares eligible for unrestricted transfer will depend on the duration of employment within the restriction period. For further management and enforcement of restrictions, the shares will be held in dedicated accounts managed by Nomura Securities Co., Ltd.
The company has entered into agreements with Nomura to ensure compliance with these restrictions.
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