Tokushu Tokai Paper Co.,Ltd. [3708.T]
TOKYO, May 14 (Pulse News Wire) – Tokushu Tokai Paper CO.,LTD. (3708.T) introduced a restricted share compensation plan for its directors during a board meeting held.
The plan aims to incentivize long-term value creation and align interests with shareholders. The proposal includes granting restricted shares or cash-based awards within a yearly limit of up to ¥60 million. It requires shareholder approval at the upcoming annual general meeting scheduled for June 26, 2026.
Previously, the company's directors' remuneration was approved up to ¥350 million per annum at the June 28, 2023, AGM. Under the plan, restricted shares will be allocated based on either direct issuance without payment or through cash conversion into shares. Shares will carry restrictions until the director leaves their designated position, with potential adjustments for mergers or reorganizations.
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