Serendip Holdings Grants Restricted Shares as Compensation

TOKYO, Jun 25 (Pulse News Wire) – Serendip Holdings CO.,LTD. (7318.T) resolved to issue restricted shares as compensation during its board meeting held on June 25, 2026.

The issuance will take place on July 23, 2026, with a total of 7,664 ordinary shares being distributed among three directors, ten executive officers, and forty-nine employees. Each share will be priced at ¥2,405 per share, resulting in a total issuance value of ¥47.7 million. The purpose of this issuance is to align the interests of executives and employees with those of shareholders by encouraging contributions towards future stock price increases and corporate value enhancement. Additionally, it aims to promote closer value-sharing with shareholders through restricted share grants. The restricted period for these shares will last from July 23, 2026 until July 22, 2029.

During this period, recipients cannot transfer their shares without valid reasons recognized by the board. In conjunction with this resolution, the company agreed to grant a total monetary compensation of ¥47.7 million to eligible recipients, which will be converted into restricted shares. The number of shares allocated will depend on individual performance and contributions within the company. Recipients must enter into a restricted share agreement with the company detailing the conditions of shareholding and restrictions on transferring shares. This move underscores Serendip Holdings' commitment to fostering long-term growth and aligning incentives across management levels.