TOKYO, Apr 09 (Pulse News Wire) – Uoki CO.,LTD. (2683.T) introduced a restricted share compensation plan aimed at enhancing long-term corporate value and promoting shareholder alignment.
The plan was approved during today's board meeting and will be presented to shareholders at the upcoming annual general meeting scheduled for May 21, 2026. Under the new scheme, eligible directors will receive monetary claims convertible into shares subject to certain restrictions. The total amount of such claims per annum will not exceed ¥60 million.
Additionally, up to 60,000 ordinary shares may be issued annually based on the closing price of UOKI’s stock on the Tokyo Stock Exchange prior to each board resolution date. Directors will contribute these monetary claims towards acquiring shares, with the issuance price determined by the board within reasonable limits. Shareholders' approval is required for the implementation of this plan, which will be proposed at the upcoming AGM.
Should the proposal gain approval, the company intends to extend similar benefits to executive officers who do not concurrently hold director positions.
🟢 Confidence: High AI-translated content.