SUN-LIFE HOLDING CO.,LTD. [7040.T]
TOKYO, Jun 24 (Pulse News Wire) – Sun-life Holding CO.,LTD. (7040.T) announced that it will distribute restricted shares to five directors on July 24, 2026.
The distribution involves transferring ordinary shares valued at the closing price of June 23, 2026, which was June 24, 2026. The total value of the shares distributed is ¥7.7 million. The purpose of this share distribution is to incentivize long-term growth and enhance shareholder value. Each director will receive restricted shares that cannot be transferred until their tenure ends.
The restrictions will lapse upon continuous service through the next annual general meeting or earlier due to death or resignation for valid reasons. In such cases, a portion of the shares will be released based on the duration of service. Under the agreement, Sun-Life Holding will acquire any untransferred shares at the end of the restriction period without payment. Additionally, the shares will be managed in a dedicated account at Nomura Securities during the restriction period.
Special provisions exist for handling organizational restructuring events within the restriction period.
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