Yamaichi Real Estate Co.,Ltd [2984.T]
TOKYO, Jun 15 (Pulse News Wire) – Yamaichi Real Estate Co.,ltd (2984.T) announced today that its board of directors has approved the issuance of restricted shares as compensation. The shares, totaling 100,000 ordinary shares, will be issued on July 15, 2026, with each share priced at ¥692.
The total issue amount is ¥69.2 million. The purpose of this issuance is to incentivize sustained growth within the group and enhance value-sharing with shareholders. The restricted shares will be granted to a director of a subsidiary based on their responsibilities and circumstances, replacing monetary rewards worth ¥69.2 million. Under the agreement, the recipient cannot sell or pledge these shares until July 15, 2026, or until they cease being a director, executive officer, auditor, or employee of the company or its subsidiaries.
Full restrictions will lift upon continuous service through the next annual general meeting of the subsidiary. Partial lifting occurs if the individual resigns due to valid reasons during this period, proportional to the time served. Additionally, Yamaichi Real Estate will acquire any unreleased shares free of charge once the restriction period ends. The shares will be managed in a dedicated account at Daiwa Securities during the restriction period.
In case of significant organizational changes, such as mergers or spin-offs, certain shares may be released early based on the duration of service.
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