Oi Electric Approves Employee Share Grant Plan

TOKYO, Jul 29 (Pulse News Wire) – Oi Electric CO.,LTD. (6822.T) announced that its board of directors approved a share grant plan through the Oi Electric Employees' Holding Association (the "Association") on September 29, 2026.

Under this plan, restricted shares will be granted to eligible employees who join the Association and agree to the conditions set by the company. The total number of ordinary shares to be distributed is up to 19,588. Each share will be valued at ¥5,340 based on the closing price of Oi Electric's ordinary shares on July 28, 2026 at Standard Shijou. The final distribution amount is estimated at 104.6 million based on this valuation. Shares will be allocated among participating employees ranging from four to twenty per individual, depending on their age.

The purpose of this initiative is to support employee wealth creation and enhance long-term corporate value by providing incentives to employees. Restricted shares cannot be transferred during the restriction period ending on June 02, 2031. Upon completion of the restriction period, employees can request the removal of restrictions subject to meeting certain criteria outlined in the agreement. In addition, the company noted that the distribution price was determined by comparing the closing prices on July 28, 2026 and September 29, 2026, ensuring fairness and avoiding preferential treatment for the recipients. The distribution will result in a dilution rate of 1.46% based on the outstanding shares as of March 31, 2026, which stands at 1,470,000.