Quick Grants Restricted Shares to Employees

TOKYO, Aug 07 (Pulse News Wire) – Quick CO.,LTD. (4318.T) announced today that it has resolved to distribute restricted shares to employees meeting certain criteria as part of a human capital investment initiative aimed at enhancing employee engagement and long-term corporate value.

The distribution will involve transferring ordinary shares totaling 455,300 to 528 eligible employees, with the share price set at ¥775 per share, resulting in a total valuation of ¥352.9 million. Payment for the shares will be made through monetary claims granted to employees, which will be fully invested as consideration. The restricted shares come with vesting conditions tied to continued employment within the QUICK Group until various deadlines. Specifically, shares designated as "retirement-type" will be subject to restrictions until the employee leaves the group, while those classified as "term-type" will be restricted until September 17, 2031.

Vesting conditions require continuous service during defined periods to lift restrictions, with partial lifting based on tenure for term-type shares. Any unvested shares will be acquired by the company upon expiration of the restriction period. The shares will be managed in dedicated accounts at Daiwa Securities Co., Ltd. throughout the restriction period, ensuring compliance with the program's stipulations.

Additionally, the company will enter into individual agreements with recipients detailing the terms of the restricted share allocation.