TOKYO, Jun 26 (Pulse News Wire) – Makiya CO.,LTD. (9890.T) announced today that its board of directors approved the issuance of restricted shares to six directors as part of a new compensation program aimed at aligning executive incentives with long-term shareholder value.
The restricted share grant involves a total of 10,300 ordinary shares, which will be paid out based on monetary awards totaling ¥200 million. Each share will be subscribed at ¥1,300 per share, reflecting the closing price of MAKIYA's stock on the Tokyo Stock Exchange on June 25, 2026, the day preceding the board resolution. Under the agreement, the restricted shares will be subject to a holding period beginning on July 24, 2026, until the respective director ceases to hold their position. During this period, the shares cannot be transferred, pledged, or otherwise disposed of without the company’s consent.
Additionally, the company retains the right to repurchase the shares free of charge upon expiration of the restriction period. The restricted shares will be managed through dedicated accounts set up at Nomura Securities Co., Ltd. during the restriction period to ensure compliance with the conditions stipulated in the agreement. In the event of organizational restructuring such as mergers or spin-offs, the restrictions may be lifted earlier based on decisions made by the board of directors.
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