TOKYO, Apr 23 (Pulse News Wire) – Mynet Inc. (3928.T) announced today that its board of directors approved the distribution of restricted shares as part of its share-based compensation program.
The distribution, set for May 22, 2026, involves issuing ordinary shares worth a total of ¥33.6 million to two executives. Each share will be priced at ¥280 per share, totaling 120,000 shares. The purpose of this distribution is to align executive interests with long-term shareholder value and encourage sustainable growth. The restricted shares come with a five-year holding period during which the recipients cannot sell or transfer them without approval from the company's board.
Upon completion of the restriction period, the shares will vest based on continued service as a director. Additionally, the company clarified that the issuance price was determined based on the closing stock price of April 22, 2026, on the Tokyo Stock Exchange, which was ¥280. This pricing method ensures fairness and reflects the company’s valuation accurately. In related developments, the company noted that the restricted shares will be managed through a dedicated account at Nomura Securities Co., Ltd., ensuring compliance with the restrictions until the end of the vesting period.
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