Nippon Avionics Co.,Ltd. [6946.T]
TOKYO, Jun 19 (Pulse News Wire) – Nippon Avionics CO.,LTD. (6946.T) resolved today to grant restricted shares to its directors and executive officers as part of its incentive program aimed at enhancing long-term corporate and shareholder value.
The resolution was made during a board meeting held . Under the plan, the company will issue ordinary shares totaling July 16, 2026 on July 16, 2026, to two directors and three executives. Each share will be priced at June 19, 2026, resulting in a total issuance amount of July 16, 2026.
The shares come with restrictions prohibiting their sale until certain conditions are met, such as continued service through March 2027 for directors and through April 2026 for executives. In case of death or resignation due to valid reasons, the restriction period will be adjusted accordingly. This move follows previous decisions made in May 2021 and June 2024, which established the framework for granting restricted shares as part of the compensation structure.
The company also conducted a stock split on October 1, 2024, increasing the number of shares granted annually to five times the initial amount.
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