MIDAC HOLDINGS CO.,LTD. [6564.T]
TOKYO, Jun 26 (Pulse News Wire) – Midac Holdings CO.,LTD. (6564.NG) resolved to issue restricted stock as compensation to its directors and subsidiary directors without requiring cash payments or asset contributions.
The distribution, set for July 24, 2026, involves issuing ordinary shares valued at the closing price of June 25, 2026, which was ¥1,911 per share. Directors will receive 1,000,000 shares, while subsidiary directors will get 9,070 shares at ¥1,911 each, totaling ¥17.23 million. The issuance follows the company's incentive program introduced in May 27, 2019, aimed at enhancing long-term corporate value and aligning interests with shareholders. Further modifications were approved in June 29, 2022, allowing for unrestricted methods of granting restricted stock.
Under the agreement, directors cannot sell or pledge their shares until July 23, 2076. Restrictions will lift upon completion of their tenure or due to valid reasons such as retirement or death during the restriction period. The company retains the right to acquire untransferred shares free of charge once restrictions expire. Shares will be managed through a dedicated account at Okasan Securities Co., Ltd.
To prevent unauthorized transfers.
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