TOKYO, May 28 (Pulse News Wire) – SK Japan CO.,LTD. (7608.T) announced today that its board of directors held on May 28, 2026 approved the issuance of restricted shares to four executives.
The issuance, scheduled for May 28, 2026, involves the allotment of ordinary shares worth up to 21.7 million based on cash compensation bonds totaling ¥21.7 million. Each share will be priced at ¥752 per share, with payment due on June 26, 2026. Under the incentive program, which aims to promote long-term stability and align executive interests with shareholder value, the restricted shares will carry a lock-up period of 30 years. During this period, the recipients cannot sell, pledge, or otherwise dispose of their allotted shares without approval from the company.
Upon completion of the lock-up term, the company reserves the right to acquire the shares free of charge. The allocation process requires the executives to contribute the entire amount of their cash compensation bonds as capital towards the acquisition of the ordinary shares. The final number of shares allocated will depend on the executives' continued service during the lock-up period, with adjustments made according to their tenure. In addition, the agreement includes provisions for handling situations such as retirement or resignation within the lock-up period, ensuring that the restrictions remain intact until the designated conditions are met.
Any shares not subject to these conditions will revert to the company's possession at no cost upon expiration of the lock-up period.
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