TOKYO, Jun 25 (Pulse News Wire) – Shinyei Kaisha (3004.T) announced that its board of directors held, approved the repurchase of its own shares as part of a long-term incentive program. The repurchase, set for July 24, 2026, involves distributing ordinary shares worth up to ¥2,171 per share to five non-audit committee directors and five executive officers who do not concurrently hold director positions, totaling 3,450 shares.
This initiative stems from resolutions made during previous shareholder meetings in 2019 and 2022, aimed at aligning executives' interests with those of shareholders through restricted stock awards. Under the program, recipients must hold onto their shares until they retire or resign from their respective roles within the company, subject to certain conditions and exceptions.
The repurchased shares will be managed by Nomura Securities Co., Ltd. in dedicated accounts to ensure compliance with restrictions on transferring or securing the shares as collateral.
Any shares remaining under restriction upon termination without valid reasons will revert to the company free of charge.
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