SENSHU ELECTRIC CO.,LTD. [9824.T]
TOKYO, Apr 24 (Pulse News Wire) – Senshu Electric CO.,LTD. (9824.T) completed the payment procedures for its employee share incentive program involving restricted shares .
Initially planned to distribute 30,300 ordinary shares, the company adjusted the total number of shares due to partial dilution. Under the revised plan, Senju Electric transferred a total of 23,850 ordinary shares instead of the originally intended 30,300 shares.
Each share was sold at ¥6,420 per share, resulting in a total transaction amount of ¥153.1 million. The shares were distributed to the Senju Electric Employees' Holding Association through a third-party allocation method.
The changes in the number of shares and total amount were necessitated by the final count of participating employees who agreed to the restricted share incentive program.
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