MUGEN ESTATE Co.,Ltd. [3299.T]
TOKYO, Mar 26 (Pulse News Wire) – Mugen Estate CO.,LTD. (3299.T) resolved today to issue restricted shares as part of its equity compensation program.
The company plans to distribute ordinary shares worth ¥2,313 per share to three directors and seven executive officers totaling 85,800 shares on April 24, 2026. The total value of the issuance is ¥198.5 million.
This decision follows previous approvals from shareholders' meetings in 2022 and 2025, aimed at incentivizing long-term performance and aligning interests with shareholders. The shares come with restrictions until the recipients cease their roles as directors or executives, with partial lifting of restrictions contingent upon continued service through subsequent annual general meetings.
In addition, Mugen Estate noted measures to ensure fairness and minority shareholder protection, including independent director opinions confirming the non-detrimental nature of the issuance to smaller investors.
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