Tokai Corp. Corp Completes Restricted Share Disposition for Executive Compensation

TOKYO, Jul 17 (Pulse News Wire) – TOKAI Corp. (9729.T) completed the disposition of restricted shares as part of executive compensation on July 17.

The transaction involved the distribution of ordinary shares totaling 17,045 to four directors and fifteen executive officers who do not hold director positions. Each share was valued at ¥2,315 per share, resulting in a total disbursement of ¥39.5 million.

This action follows a resolution made during the June 25 board meeting, which detailed the conditions and recipients of the restricted share awards. Interested parties should refer to the June 25 press release for further specifics on the share disposition plan.

The shares were transferred to the designated individuals as outlined in the initial announcement, marking the completion of the process on the stipulated date.