Nippon Television Holdings,Inc. [9404.T]
TOKYO, Jun 26 (Pulse News Wire) – Nippon Television Holdings,inc. (9404.T) resolved to issue restricted share awards to its executive directors and those of its subsidiary, Japan TV Network Co., Ltd., on July 24, 2026.
The shares, totaling 22,185 ordinary shares at a price of ¥2,698 per share, amounting to ¥59.9 million in total value, will be distributed as part of an incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders. Under the program, which was approved during the 92nd Ordinary General Meeting of Shareholders, executives will receive monetary compensation bonds worth up to ¥59.9 million in exchange for accepting these restricted shares.
The shares come with a restriction period lasting until the recipient's departure from their position within the company. Additionally, the company plans to acquire these shares free of charge upon expiration of the restriction period or earlier under certain conditions outlined in the agreement.
The restricted shares will be managed through dedicated accounts set up at a securities firm designated by the company, likely Nomura Securities Co., Ltd., ensuring compliance with the restrictions on transfer, pledge, or other disposals during the restriction period.
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