Nippon Rietec Grants Restricted Shares to Executives

TOKYO, Jul 24 (Pulse News Wire) – Nippon Rietec CO.,LTD. (1938.T) announced today that its board of directors resolved to issue restricted shares to its executives.

The transaction, scheduled for August 24, involves distributing 39,336 ordinary shares valued at ¥2,517 per share to four directors and eleven executive officers. Under the incentive program approved in May 19, 2025, and ratified by shareholders in June 25, 2025, the company aims to enhance long-term value creation and align interests with shareholders. Each recipient will forfeit their shares if they leave their positions within the restriction period ending March 2027.

In case of death or resignation due to valid reasons during this period, partial lifting of restrictions will apply based on tenure served. The restricted shares will be managed through a dedicated account at Daiwa Securities Co., Ltd., ensuring compliance with the conditions set forth in individual agreements signed between the company and recipients. These agreements stipulate that the shares cannot be transferred, pledged, or otherwise disposed of until the end of the restriction period.

Upon expiration, unexercised shares revert to the company without compensation.