TOKYO, Apr 10 (Pulse News Wire) – Milbon CO.,LTD. (4919.T) announced today that its board of directors resolved to issue restricted shares to six directors and seven executives.
The share issuance, scheduled for May 08, involves a total of 32,274 ordinary shares at a price of ¥2,779 per share. The restricted shares are part of an incentive program aimed at enhancing long-term corporate value and shareholder returns while fostering greater alignment with shareholders' interests. Each recipient will hold the shares subject to restrictions until their tenure as officers ends, with conditions tied to continued service during the restriction period.
Upon completion of the restriction period, the shares will either fully vest or partially vest based on the officer's duration of service. Under the agreement, Milbon will manage the restricted shares through a dedicated account at Nomura Securities to prevent unauthorized transfers or encumptions during the restriction period. Additionally, the company retains the right to acquire unvested shares free of charge upon expiration of the restriction period or at designated times stipulated in the contract.
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