Listed Index Fund MSCI Japan Equity High Dividend Low Volatility (Beta Hedged) [149A.T]
TOKYO, Mar 27 (Pulse News Wire) – Listed Index Fund MSCI Japan Equity High Dividend Low Volatility (Beta Hedged) (149A.T) announced today that its board of directors held on March 27 approved the issuance of restricted shares as part of a compensation plan. Under this plan, the company will issue ordinary shares totaling 22,900 on April 24, 2026, with each share priced at ¥1,301.
The total value of the issuance will amount to ¥29.8 million. This issuance is aimed at incentivizing executives and directors to enhance the company's long-term value while fostering greater alignment between management and shareholders. It includes performance-based restrictions that allow for partial lifting based on achievement against predefined targets.
Shares will be subject to a restriction period from April 24, 2026, to April 23, 2029, during which time they cannot be transferred, pledged, or otherwise disposed of without approval. In addition, the company stated that the dilution effect of this issuance would be minor, considering the current number of outstanding shares as of December 31, 2025, being 3,206,320. The board also set conditions for the removal of restrictions based on performance metrics, such as achieving a target average market capitalization exceeding ¥8 billion during the period from October 2, 2028, to December 28, 2028.
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