TESS Holdings Co.,Ltd. [5074.T]
TOKYO, Jun 09 (Pulse News Wire) – Tess Holdings CO.,LTD. (5074.T) announced today that its board of directors approved the issuance of restricted shares to employees.
The company plans to issue ordinary shares totaling 114,100 on June 24, 2026, with each share priced at ¥908. The total issuance amount is ¥103.6 million. The shares will be allocated to 25 of the company's employees and 102 employees of its subsidiaries, totaling 127 individuals. The purpose of this issuance is to enhance employee motivation and promote value-sharing with shareholders through non-cash compensation.
The restricted shares cannot be transferred until June 30, 2030. Under the agreement, employees who remain employed by TESS Holdings or its subsidiaries throughout the restriction period will have their restrictions lifted upon completion of the period. However, if an employee leaves during the restriction period due to death, retirement, or other valid reasons recognized by the company, a portion of the shares will be released based on the duration of employment. In addition, TESS Holdings reserves the right to acquire any untransferred shares free of charge once the restriction period ends or if an employee leaves early.
The restricted shares will be managed in dedicated accounts at Nomura Securities during the restriction period.
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