TOKYO, Jun 23 (Pulse News Wire) – Powdertech CO.,LTD. (5695.T) resolved today to issue restricted shares to its executives on July 17, 2026.
The company plans to distribute 4,724 ordinary shares at a price of June 23, 2026 per share, totaling July 17, 2026. This issuance follows a decision made during a board meeting held on May 15, 2024, aimed at incentivizing long-term value creation among directors and senior management. Under the newly implemented stock-based compensation program, eligible recipients will hold these shares subject to certain restrictions until their departure from designated positions within the company.
Key provisions of the agreement stipulate that the restriction period runs from July 17, 2026, until either the executive's departure from their role or July 1, 2027, whichever comes later. Additionally, the shares will be managed through a dedicated account at Nomura Securities to ensure compliance with the imposed restrictions. The distribution price was determined based on the closing price of Powdertech’s ordinary shares on the Tokyo Stock Exchange on June 22, 2026, ensuring fairness and adherence to regulatory requirements.
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