TOKYO, Apr 20 (Pulse News Wire) – Osaka Soda CO.,LTD. (4046.T) announced today that its board of directors, held, approved the issuance of restricted shares to the Osaka Soda Employee Shareholding Association as part of an incentive program.
The shares will be distributed based on the agreement made on July 28, 2026. Under this program, up to 88,680 ordinary shares will be allocated to eligible employees, subject to restrictions until July 28, 2026, through June 2, 2031. Each share will be priced at ¥1,914, resulting in a total value of ¥169.7 million. The distribution price was determined based on the closing price of Osaka Soda's ordinary shares on the Tokyo Stock Exchange on April 17, 2026, which was deemed reasonable compared to average prices over the past month, three months, and six months. The purpose of this initiative is to support employee asset formation while fostering greater engagement and alignment with shareholders' interests.
Employees who agree to participate will contribute special incentives in the form of monetary claims to the association, which will then purchase the restricted shares from Osaka Soda. The restricted shares will be managed by SMBC Nikko Securities in a dedicated account during the restriction period. Upon expiration of the restrictions, employees will be able to withdraw their shares similarly to regular holdings. Additionally, the company retains the right to reclaim shares without compensation if certain conditions, such as leaving the association, are met. This transaction is expected to result in a dilution rate of 0.07% based on the current outstanding share count of 133,660,085.
The company believes this level of dilution aligns with the objectives of the program and does not require additional shareholder approval due to the low dilution threshold and lack of significant changes in controlling shareholders.
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