THine Electronics,Inc. [6769.T]
TOKYO, Apr 20 (Pulse News Wire) – Thine Electronics,inc. (6769.T) resolved to distribute restricted shares to its executives.
The distribution, set for May 19, 2026, involves ordinary shares valued at ¥947 per share, totaling ¥11.4 million. The shares will be distributed to five directors and one subsidiary director, as part of a long-term incentive program aimed at enhancing shareholder value and aligning executive interests with those of shareholders. Under the program, which was approved during the regular general meeting held on March 28, 2025, the total amount of cash compensation and ordinary shares granted annually does not exceed ¥70 million.
The restricted shares come with a lock-up period lasting up to 30 years, ending on May 18, 2056. During this period, recipients cannot sell or pledge their shares without meeting certain conditions, such as continuing to serve in their respective roles within the company. The distribution price of ¥__NUM_1__ per share is based on the closing price of THine's ordinary shares on the Tokyo Stock Exchange on April 17, 2026, ensuring fairness and avoiding preferential treatment.
The shares will be managed through a dedicated account at Nomura Securities Co., Ltd., to enforce the restrictions effectively.
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