Ultrafabrics Holdings Co.,Ltd. [4235.T]
TOKYO, Apr 24 (Pulse News Wire) – Ultrafabrics Holdings CO.,LTD. (4235.T) resolved today to distribute restricted shares to its executives on May 18, 2026.
The distribution involves ordinary shares totaling 1,000,000 units at a price of ¥1,000 per share, amounting to a total value of ¥1 billion. The shares will be allocated to four non-audit committee directors based on their contributions to the company. The restricted shares are part of a compensation program approved in March 2018, which sets annual monetary compensation limits within ¥10 million and restricts the number of allotted shares to 40,000. The restriction period for these shares ranges from three to ten years, determined by the board of directors.
In this case, the restriction period is set for three years, ending on May 17, 2029. Under the allocation agreement, directors cannot transfer, pledge, or dispose of the restricted shares during the restriction period. However, if a director resigns or retires before the end of the restriction period due to reasons recognized by the board, such as retirement or death, Ultrafabrics may acquire some or all of the restricted shares without payment. The company also reserves the right to lift restrictions early upon certain organizational restructurings.
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