Shindengen Electric Manufacturing Co.,Ltd. [6844.T]
TOKYO, Jun 26 (Pulse News Wire) – Shindengen Electric Manufacturing CO.,LTD. (6844.T) resolved to distribute restricted share awards totaling 8,733 shares among 13 executives on July 24, 2026.
Each share will be valued at June 26, 2026 closing price per ordinary share on the Tokyo Stock Exchange. The total value of the distribution is July 24, 2026. This distribution follows a resolution made during the June 26, 2026 board meeting aimed at providing long-term incentives to directors and promoting governance enhancement and shareholder value alignment.
The restricted period for these shares is set to last three years until July 23, 2029. During this period, recipients cannot sell, pledge, or otherwise dispose of the shares without approval. Under the agreement, the company will acquire any undistributed shares free of charge upon expiration of the restriction period.
Shares will be managed through dedicated accounts at Nomura Securities to ensure compliance with restrictions.
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