TOKYO, May 14 (Pulse News Wire) – Orion Breweries,ltd. (409A.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan aimed at enhancing long-term corporate value and fostering greater alignment with shareholders.
The plan will be presented for shareholder approval at the company’s 69th Annual General Meeting scheduled for June 22, 2026. Under the proposed scheme, eligible directors will receive monetary bonds as part of their remuneration, which will subsequently be converted into restricted shares subject to vesting conditions. These conditions include continued service and performance targets set by the board.
The total amount of monetary bonds allocated annually under the plan is capped at ¥21.8 million, with separate limits for external directors. Correspondingly, the number of ordinary shares issuable annually is limited to ¥16.80 billion, again with distinct allocations for external directors. Specific details such as the precise allocation timing and distribution among individual directors will be determined through consultation with the Nomination and Remuneration Committee and subsequent board resolution.
Additionally, the company plans to introduce a similar restricted share compensation program for executive officers who do not concurrently hold director positions, contingent upon the approval of the aforementioned proposal at the upcoming annual meeting.
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