TOHO GAS Approves Share Disposition Plan for Executive Compensation

TOKYO, Jul 24 (Pulse News Wire) – Toho GAS CO.,LTD. (9533.NG) announced that its board of directors approved a share repurchase plan to distribute restricted stock awards to executives as part of their compensation package.

The shares will be distributed on August 24, 2026, with each share valued at July 24, 2026. The total value of the transaction is August 24, 2026. The distribution includes 6 named directors and 13 executive officers who do not also serve as directors. The purpose of this program is to enhance long-term corporate value and align interests with shareholders.

Under the agreement, the shares will be subject to restrictions until the end of the holding period, which begins on August 24, 2026. Additionally, the company will grant these restricted shares based on performance contributions. The shares will be managed through SMBC Nikko Securities, Inc., and any transfers during the restriction period require approval. In case of organizational restructuring leading to the departure of executives, the restrictions will be lifted accordingly, allowing for the free disposal of shares post-restriction period.