TOKYO, May 14 (Pulse News Wire) – Nissui Corporation (1332.T) resolved to sell shares as part of its equity-based compensation plan. The company's board meeting on May 14 decided to dispose of ordinary shares totaling 700,000 on May 29, 2026, at a price of ¥1,248 per share, amounting to ¥873.6 million.
The shares will be transferred to Nomura Trust Bank (Trust E Account). This disposal follows the introduction of the performance-linked stock compensation system "Stock Grant Trust (BBT-RS)" in 2018, which was amended in 2025. The purpose of this latest move is to secure future payouts needed under the trust agreement.
The number of shares to be disposed aligns with the anticipated distribution to directors and executives over three fiscal years ending March 2028, representing 0.22% of the outstanding shares as of March 31, 2026 (0.23% of total voting rights). The sale price was determined based on the average closing prices of Nissui’s ordinary shares on the Tokyo Stock Exchange during the month leading up to the resolution date, specifically from April 14 to May 13, 2026, resulting in an average value of ¥1,248. This approach ensures a more objective and reasonable valuation compared to pricing based on a single point in time.
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