Net Protections Holdings,Inc. [7383.T]
TOKYO, Jun 26 (Pulse News Wire) – Net Protections Holdings,inc. (7383.T) resolved to issue restricted shares as part of its equity compensation plan during a board meeting held on June 26.
The issuance will take place on July 17, 2026, with 1,000 ordinary shares being offered at a price of ¥338 per share, totaling an issuance amount of ¥20.8 million. This move aims to enhance long-term corporate value and promote closer alignment between management and shareholders. The restricted shares will vest over three years, with restrictions lifting upon completion of the vesting period or earlier under certain conditions such as resignation or misconduct.
Additionally, the company plans to repurchase unvested shares free of charge if vesting requirements are not met. Under the agreement, the newly issued shares will be managed through a dedicated account at Daiwa Securities Co., Ltd. to ensure compliance with the non-transferability clause until the end of the restriction period on July 16, 2029.
The issuance price was determined based on the closing price of the previous trading day's stock, ensuring fairness and reasonableness.
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