TOKYO, Mar 26 (Pulse News Wire) – THECOO Inc. (4255.T) announced today that its board of directors approved the issuance of restricted shares as part of a compensation plan for six executives.
The new share issuance will take place on April 24, 2026, with each share priced at ¥1,962. A total of ¥19.6 million will be raised through this issuance. The restricted shares will be granted to the six named directors based on their responsibilities and performance considerations. Each director will receive ordinary shares totaling 10,000 in exchange for monetary compensation amounting to ¥19.6 million. The shares will be subject to a restriction period from April 24, 2026, until April 23, 2029.
Under the agreement, the restrictions will lift upon completion of a three-year service period from the day preceding the annual shareholders' meeting to the next such meeting. In case of death or resignation during this period, partial lifting of restrictions will occur based on the duration of service completed. Additionally, THECOO reserves the right to acquire any untransferred shares free of charge once the restriction period ends or if the executive resigns during the period. The restricted shares will be managed in a dedicated account at Nomura Securities throughout the restriction period. This move aligns with THECOO's strategy to enhance long-term corporate value and promote greater alignment with shareholder interests, as decided in previous meetings held on February 13, 2025 and March 26, 2025.
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