TOKYO, Jun 25 (Pulse News Wire) – Saxa,inc. (6675.T) resolved at today's board meeting to issue restricted shares to executives and directors.
Key details: - Payment date: July 24, 2026 - Number of ordinary shares: 67,800 - Price per share: ¥1,837 - Total value: 124.5 million Shares will be allocated to three directors and seven executive officers, totaling 16,500 shares, as well as eight subsidiary directors and 19 subsidiary executive officers, amounting to 23,700 shares. The issuance follows approval at the 23rd annual shareholders' meeting to incentivize long-term value creation and align interests between management and shareholders through restricted stock (RS) and performance share (PS) programs.
The restricted period ends upon loss of respective positions. Additionally, the company will acquire unrestricted shares free of charge at the end of the restriction period or upon predefined conditions.
Shares will be managed in special accounts at Daiwa Securities during the restriction period.
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