TOKYO, Apr 24 (Pulse News Wire) – Space CO.,LTD. (9622.T) announced today that its board of directors held, approved a share repurchase plan involving restricted shares as part of a stock compensation program for executives.
The company plans to distribute ordinary shares worth approximately ¥49.2 million to eight executive members on May 11, 2026, at a price of ¥1,490 per share. This move follows the approval of a stock compensation system aimed at aligning executive interests with shareholder value. Under this scheme, executives receive restricted shares subject to a holding period of up to 30 years, which helps ensure long-term commitment to enhancing corporate value.
The total monetary compensation amounting to 49,170,000 will be converted into 33,000 ordinary shares through a physical contribution method. The restricted shares will remain non-transferable until May 10, 2046, except in cases where the executives retire or resign due to reasons deemed valid by the board. Upon completion of the restriction period, the shares will be freely tradable, provided the executives continue their roles within the company throughout the designated tenure.
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