TECHMATRIX CORPORATION [3762.T]
TOKYO, Jun 25 (Pulse News Wire) – TechMatrix Corporation (3762.T) announced that its board of directors held on June 25, 2026 approved the issuance of restricted shares as part of executive compensation. The company plans to distribute 7,510 ordinary shares valued at ¥1,687 per share to four executives on July 24, 2026.
The total value of the distribution is ¥12.7 million. This move follows a resolution made during the regular shareholders' meeting on June 24, 2022, which authorized the issuance of performance-based equity awards to executives based on the company's performance from April 1, 2025, to March 31, 2026. The restricted shares cannot be transferred, pledged, or otherwise disposed of until three years after the payment date of July 24, 2026. Under the agreement, the restriction will be lifted upon completion of the three-year holding period, contingent on the recipient remaining an executive throughout this duration.
In case of violations of laws, internal regulations, or breaches of contract, the company reserves the right to acquire such shares without compensation. During the restriction period, the shares will be managed in dedicated accounts set up with Daiwa Securities Co., Ltd. The valuation of the shares was determined based on the closing price of TechMatrix’s ordinary shares on the Tokyo Stock Exchange on June 24, 2026, which was ¥1,687. This pricing method ensures fairness and reflects the company's market value accurately, avoiding any undue advantage to the recipients.
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