TOKYO, Jun 12 (Pulse News Wire) – S.ishimitsu&co.,ltd. (2750.T) announced today that its board of directors has approved the introduction of a restricted share compensation plan for executives of its subsidiary, Allied Coffee Roasters Co., Ltd., excluding external directors.
Under the new plan, executives will receive stock options tied to performance incentives aimed at enhancing long-term corporate value and fostering greater alignment with shareholders. The total amount of monetary compensation bonds to be distributed by Allied Coffee Roasters within one year will be capped according to the approved limit set by the subsidiary's shareholder meeting. Specific distribution times and allocations will be determined by the subsidiary’s board of directors. The number of ordinary shares to be newly issued or disposed of by Ishimizu & Co. based on this plan will be adjusted annually, taking into account potential stock splits or consolidations post-resolution date.
Each share's subscription price will be decided by the board, ensuring it does not favor recipients unduly, based on the closing price of Ishimizu & Co.'s ordinary shares on the Tokyo Stock Exchange prior to the resolution date. Additionally, a restrictive agreement will be signed between Ishimuzu & Co. and participating executives, prohibiting transfers or pledges of the restricted shares during a designated holding period. Shares will be managed through dedicated accounts at securities firms appointed by Ishimizu & Co. during this restriction period.
This initiative is scheduled to be formally adopted at Allied Coffee Roasters' annual general meeting on June 24.
🟢 Confidence: High AI-translated content.