The Takigami Steel Takigami Steel Construction to Distribute Restricted Shares to Executives on Aug 17

TOKYO, Jul 28 (Pulse News Wire) – The Takigami Steel Construction CO.,LTD. (5918.NG) announced that its board of directors decided on July 28 to distribute restricted shares to eight executives on August 17.

The distribution involves ordinary shares worth a total of ¥20.7 million at a price of ¥7,120 per share. The shares will be granted as part of a long-term incentive program aimed at enhancing shareholder value and aligning executive interests with those of shareholders. Under the program, the restricted shares cannot be transferred, pledged, or otherwise disposed of until the end of the restriction period, which runs from August 17, 2026 to the day the recipient ceases to hold their position as an executive.

Should an executive resign during this period without valid reasons recognized by the board, the company will acquire the shares free of charge. Additionally, the shares will be managed through a dedicated account at Mitsubishi UFJ Morgan/Stanley Shouken Kabushiki Kaisha. The valuation of the shares was determined based on the closing price of Takigami Steel's stock on the Tokyo Stock Exchange on the trading day immediately preceding the board resolution, which was July 28, 2026.

This approach ensures a fair and non-arbitrary pricing mechanism consistent with market conditions.