TOKYO, Jun 11 (Pulse News Wire) – MORESCO Corporation (5018.T) resolved today to distribute its own shares as part of a restricted stock compensation program. The distribution, set for June 11, 2026, involves issuing ordinary shares worth a total of ¥19.0 million per share to five non-audit committee directors.
Each director will receive 10,560 shares based on their performance and responsibilities. Under the program, introduced in April 13, 2020, and approved by shareholders in May 28, 2021, the restricted shares cannot be transferred until the directors retire or leave their positions. The restriction period ends either upon retirement or on June 1, 2027, whichever comes later.
In case of early termination due to valid reasons or death, partial restrictions will be lifted proportionally to the time served. MORESCO also noted that the issuance price was determined based on the closing price of its ordinary shares on the Tokyo Stock Exchange on June 10, 2026, which was ¥1,796. This ensures fairness and aligns with market conditions.
In addition, MORESCO signed individual agreements with the directors outlining the terms of the restricted stock grants, including management procedures and conditions for lifting restrictions during organizational restructuring events.
🟡 Confidence: Standard AI-translated content.