Nippon Fine Chemical Completes Restricted Share Issuance to Executives

TOKYO, Jul 23 (Pulse News Wire) – Nippon Fine Chemical CO.,LTD. (4362.T) completed the issuance of restricted shares as part of executive compensation on July 23.

The transaction involved the distribution of ordinary shares totaling 8,500 to the company's directors and non-executive officers, excluding outside directors, and to three executive officers who do not concurrently hold director positions. Each share was issued at a price of ¥2,531 per share, resulting in a total issuance value of ¥21.5 million. The issuance was approved during the board meeting held on June 24, 2026.

Details of the transaction can be found in the previous announcement dated June 24, 2026. This move aligns with the company’s strategy to incentivize key executives through equity-based compensation plans, subject to vesting conditions. The shares will be subject to transfer restrictions until further notice.