TOKYO, May 15 (Pulse News Wire) – Tera Probe,inc. (6627.T) announced today that its board of directors has approved the issuance of restricted shares to employees on June 15, 2026.
A total of 39 ordinary shares will be distributed among 27 eligible employees. Each share will be priced at either ¥12,820 per share or the closing price on May 21, 2026, whichever is higher. The total value of the distribution could reach up to ¥499,980. The purpose of this issuance is to enhance employee engagement and align their interests with those of shareholders through the company's stock option plan. To ensure fairness and transparency, the final pricing will be determined based on the higher closing price between May 14, 2026, and May 21, 2026.
This method aims to avoid arbitrary pricing and protect existing shareholders’ interests. Under the terms of the agreement, employees will be subject to a five-year holding period during which they cannot sell or pledge the shares. Restrictions will lift upon completion of the holding period or earlier due to certain conditions such as termination of employment or death. During this period, the shares will be managed by Daiwa Securities Co., Ltd. in dedicated accounts.
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