MICRONICS JAPAN CO.,LTD. [6871.T]
TOKYO, Apr 24 (Pulse News Wire) – Micronics Japan CO.,LTD. (6871.T) announced today that its board of directors has approved the distribution of restricted shares as part of executive compensation.
The distribution will take place on May 22, 2026, involving 1,000 ordinary shares per executive, priced at ¥1,000 per share, totaling 10 million yen. This move aims to incentivize long-term value creation and enhance alignment with shareholders' interests. The restricted shares come with conditions prohibiting transfers until executives resign their positions.
In case of resignation prior to the restriction period's end, except for valid reasons recognized by the board, the company reserves the right to reclaim the shares without payment. The restricted shares will be managed through a dedicated account at Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., ensuring compliance with restrictions until lifted. The price was determined based on the closing price of Micronics Japan’s stock on the Tokyo Stock Exchange on April 23, 2026, which was deemed reasonable and free from favoritism.
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