Nippon Denko Co.,Ltd. [5563.T]
TOKYO, Apr 27 (Pulse News Wire) – Nippon Denko CO.,LTD. (5563.T) resolved to distribute restricted shares to its executives on May 25, 2026.
The distribution involves issuing ordinary shares worth up to ¥1,000 per share to 16 designated individuals, including directors, executive officers, and advisors. The total value of the shares distributed will amount to ¥1 billion. Under the newly implemented stock-based compensation program, eligible recipients will contribute their monetary compensation bonds as capital contributions to acquire Nippon Denko's ordinary shares.
Each recipient will hold these shares subject to a 20-year restriction period, during which they cannot sell, pledge, or otherwise dispose of the shares without meeting certain conditions. The shares will be managed through dedicated accounts set up with Nomura Securities to ensure compliance with the restrictions. In case of resignation due to reasons such as term expiration or retirement, the holding period will determine the number of shares released from restrictions.
Upon completion of the restriction period or upon termination of service, Nippon Denko retains the right to reclaim the unrestricted shares.
🟡 Confidence: Standard AI-translated content.