PERSOL HOLDINGS CO.,LTD. [2181.T]
TOKYO, May 18 (Pulse News Wire) – Persol Holdings CO.,LTD. (2181.T) decided to extend its equity incentive program until March 31, 2029.
The program, which began in 2017, targets directors and senior executives within the group. It utilizes trust mechanisms known as Board Incentive Plan (BIP) trusts and Employee Stock Ownership Plan (ESOP) trusts to deliver shares to eligible recipients upon their departure or retirement. Under the revised plan, PERSOL will continue to offer incentives aimed at boosting long-term performance and corporate value. The company will make additional contributions to the trusts, which will acquire PERSOL shares through the stock market or direct issuance by the company.
Shares held in the trusts will not exercise voting rights during the trust period but will still receive dividends. The extension requires approval from individual board meetings of participating companies. Should the trusts conclude without continuation, residual shares will betransferred to PERSOL, which plans to cancel them via a board resolution. Any excess funds beyond trust expenses will be donated to non-affiliated entities.
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