Nichiden Completes Employee Share Plan Distribution

TOKYO, Jul 17 (Pulse News Wire) – NICHIDEN Corporation (9902.T) completed the distribution of restricted shares as part of its employee share plan on July 17. According to the resolution made during the June 19 board meeting, the company distributed ordinary shares worth ¥2,540 per share, totaling ¥32.5 million.

The shares were allocated to four directors and thirteen executive officers who do not hold director positions. A total of 12,800 shares were distributed among these individuals.

In detail, the transaction involved distributing restricted shares as compensation to company executives, marking the completion of the process on the stipulated date. For more specifics, interested parties may refer to the June 19 press release titled “Notice Regarding the Disposal of Restricted Shares for Compensation.”.