TOKYOTOKEIBA CO.,LTD. [9672.T]
TOKYO, Mar 26 (Pulse News Wire) – Tokyotokeiba CO.,LTD. (9672.T) resolved today to distribute restricted shares to its executives on April 24, 2026.
The distribution involves ordinary shares worth up to 28.1 million based on a price of ¥5,850 per share. Four named directors, excluding external directors, will receive these shares as part of a long-term incentive program aimed at enhancing shareholder value and aligning executive interests with those of shareholders. Under the program, directors received monetary compensation totaling ¥28.1 million and up to 4,800 ordinary shares annually since February 14, 2024.
Each director will contribute their entire cash award as capital to acquire the shares. The shares come with restrictions prohibiting transfers until April 24, 2056, contingent upon continued service and adherence to certain conditions. In addition, the agreement includes provisions allowing the company to reclaim shares without payment if a director violates laws during the restriction period or fails to meet stipulated conditions.
Shares will also revert to the company if organizational restructuring occurs or if the director leaves due to retirement or other valid reasons within the restriction period.
🟡 Confidence: Standard AI-translated content.