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 held on November 27, 2025 resolved to implement an equity compensation plan for management-level employees. Further details were finalized during a subsequent meeting on April 30.
The plan involves setting up a trust fund named the Management Share Delivery Trust (RS Trust). Key points include: - Trustee: Sumitomo Mitsui Trust Bank Co., Ltd. (Sub-trustee: Nomura Trust & Banking Co., Ltd.) - Beneficiaries: Management-level employees who meet certain eligibility criteria. - Trust Manager: An independent third party selected by the company. - Voting Rights: The trustee will exercise voting rights based on instructions from the trust manager throughout the term of the trust.
- Type of Trust: Non-monetary trust (beneficial trust). - Effective Date: May 15, 2026. - Termination Date: February 2029 (planned). Under the RS Trust, the company will contribute approximately ¥201.8 million to acquire ordinary shares totaling 82,800. Shares will be purchased through the disposal of treasury stock on May 15, 2026.
🟢 Confidence: High AI-translated content.