NISSHIN SEIFUN GROUP INC. [2002.T]
TOKYO, May 14 (Pulse News Wire) – Nisshin Seifun Group Inc. (2002.T) extended its equity compensation plan for directors and executive officers until the end of its 2029 annual shareholders' meeting.
The board approved the continuation of the program, which was originally set to run through the 2026 annual shareholders' meeting. Under the revised plan, the trust established to manage the scheme will be extended for three more years, ending July 31, 2029. An additional amount of approximately ¥683 million will be contributed to the trust to fund future stock awards. Directors and executives will continue to receive shares based on their roles, along with cash payments to cover taxes, annually.
The company also outlined the schedule for acquiring Nisshin Seifun shares for the trust. It plans to purchase around ¥158 million worth of shares during the period from July 1, 2026, to July 17, 2026. In 2027, the acquisition window will extend from July 1, 2027, to July 20, 2027, with an estimated value of ¥262 million. For 2028, purchases are scheduled from July 3, 2028, to July 20, 2028, with an expected value of ¥262 million.
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