TANABE ENGINEERING CORPORATION [1828.T]
TOKYO, Jun 24 (Pulse News Wire) – Tanabe Engineering Corporation (1828.T) resolved to distribute restricted shares to four directors and eight executives as part of its incentive program aimed at enhancing long-term corporate value and fostering greater alignment with shareholders. The distribution, set for July 23, 2026, involves issuing ordinary shares worth a total of ¥19.1 million.
Each share will be priced at ¥2,413 per share, based on the closing price of Tanabe's stock on June 23, 2026. Under the restricted share plan, recipients cannot sell or pledge their shares until July 23, 2056.
Restrictions will lift upon completion of a three-year service period, subject to continued employment. In case of early termination due to death or other valid reasons, partial lifting of restrictions may apply based on months served.
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