TOKYO, Jun 24 (Pulse News Wire) – MIC CO.,LTD. (300A.T) announced that it has resolved to issue restricted shares to its executives through a resolution made at the board meeting held on June 24, 2026.
The issuance will take place on July 24, 2026. Key details of the share issuance include: - Payment date: July 24, 2026 - Type of shares: Ordinary shares - Number of shares: 7,503 - Issue price per share: ¥2,801 - Total issue amount: ¥21.0 million The shares will be allocated to two directors (excluding external directors) and four executive officers who do not hold director positions. This issuance is part of the company's incentive program aimed at promoting sustained growth in corporate value and enhancing shareholder alignment. The program was approved during the regular shareholders' meeting held on June 26, 2025, and involves granting restricted stock awards to eligible executives over a three-year period.
Under the program, executives must contribute cash compensation totaling ¥21.0 million as capital contributions in exchange for ordinary shares. The restricted period for these shares runs from July 24, 2026 until July 24, 2029. During this period, the shares cannot be transferred, pledged, or otherwise disposed of without approval from the company. In addition, the company will acquire the shares free of charge if the recipient engages in illegal activities or fails to meet certain conditions outlined in the agreement.
The shares will also be managed in a dedicated account with Nomura Securities to ensure compliance with restrictions.
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