MITSUBISHI PENCIL COMPANY,LIMITED [7976.T]
TOKYO, Apr 30 (Pulse News Wire) – Mitsubishi Pencil Company,limited (7976.T) announced today that its board of directors approved the disposal of restricted shares as part of its long-term incentive program. The company plans to distribute ordinary shares worth approximately ¥62.9 million to five non-outsider directors and ten executive officers on May 18, 2026.
Each share will be valued at ¥2,437. The purpose of this distribution is to incentivize performance and promote value-sharing with shareholders. Directors received their awards based on their responsibilities and overall circumstances within the company.
The restricted shares cannot be transferred until the recipients cease to hold director or executive positions, subject to certain conditions outlined in the award agreement. Additionally, the company clarified that the disposal price was determined based on the closing price of Mitsubishi Pencil's ordinary shares on the Tokyo Stock Exchange on April 28, 2026, which was ¥2,437 per share. This price reflects fair market value and is considered reasonable and not particularly favorable.
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