SPACE SHOWER SKIYAKI HOLDINGS INC. [4838.T]
TOKYO, Jun 25 (Pulse News Wire) – SPACE SHOWER SKIYAKI HOLDINGS INC. (4838.T) hosted a board meeting on June 25, 2026 to approve the issuance of shares to directors as part of its restricted stock compensation program.
The company plans to issue ordinary shares totaling 55,401 on July 24, 2026 to six non-executive directors. Each share will be valued at ¥634, resulting in a total issuance value of ¥35.1 million. This issuance follows the introduction of the restricted stock compensation system approved during a board meeting held on May 27, 2022, aimed at incentivizing long-term growth among internal directors while fostering greater alignment with shareholders.
Additionally, the company received shareholder approval for this program at a special general meeting on January 26, 2024. Under the agreement, the restricted period begins on July 24, 2026 and ends upon the director's departure from their position within the company, subject to conditions outlined in the contract. During this period, directors cannot sell, pledge, or otherwise dispose of the shares without violating specific stipulations set forth in the agreement.
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