TOKYO, Apr 24 (Pulse News Wire) – Morozoff Limited (2217.T) resolved today to distribute restricted shares to its executives on May 22, 2026. The distribution involves ordinary shares valued at ¥1,485 per share, totaling ¥11.5 million.
The shares will be distributed among five directors and three executive officers (commission-based). This move aims to enhance motivation and align interests with shareholders. Directors received monetary compensation up to ¥20 million annually, which was used to acquire restricted shares.
Following the issuance of these shares, directors must hold them until their departure from their respective positions within the company. Any shares held beyond the restriction period will be forfeited to the company without compensation if certain conditions are violated. The restricted shares will be managed through a dedicated account at Nomura Securities Co., Ltd., ensuring compliance with the restrictions during the holding period.
The company's board retains the right to terminate restrictions early under specific circumstances related to organizational restructuring or legal violations.
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