Namura Shipbuilding Co.,Ltd. [7014.T]
TOKYO, Jun 16 (Pulse News Wire) – Namura Shipbuilding CO.,LTD. (7014.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan for executives aimed at incentivizing sustained growth in corporate value and fostering greater alignment with shareholders' interests.
Under the new scheme, the total amount of monetary claims granted annually to eligible executives will be capped at ¥15 million. Additionally, the number of ordinary shares newly issued or disposed of by the company will be limited to 10,000 per annum. Executives will contribute the entire monetary claim received under this program as capital towards acquiring ordinary shares of the company. The subscription price per share will be determined based on the closing price of the company's ordinary shares on the Tokyo Stock Exchange on the day preceding the board resolution, ensuring it does not favor the recipient excessively.
Furthermore, agreements restricting the transfer of such shares during a designated holding period will be entered into between the company and participating executives. During this restriction period, which lasts for a certain duration, transfers of these shares to third parties, setting up pledges, or any other disposition will be prohibited. In case of specific events, the company reserves the right to acquire these shares without payment. Shares subject to restrictions will be managed in dedicated accounts opened at Nomura Securities during the holding period.
This initiative mirrors the share-based compensation system introduced for directors on May 13, 2025.
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