TOKYO, Apr 16 (Pulse News Wire) – Yappli,inc. (4168.T) resolved at its April 16 board meeting to distribute restricted shares to executives and employees.
The distribution, set for May 8, involves transferring ordinary shares totaling 90,632. Each share will be valued at ¥717, resulting in a total value of ¥65.0 million. Three directors and 30 employees will receive shares based on their roles and performance incentives aimed at sustaining corporate value and fostering shareholder alignment. The restricted shares come with conditions limiting transfers until May 7, 2028.
Directors retain restrictions until they continue serving as directors throughout the restriction period, while employees must maintain their positions within the company or subsidiaries. Failure to meet these criteria could result in adjustments to the release schedule or number of shares. Additionally, Yappli plans to manage these shares through a designated securities firm to prevent unauthorized transactions during the restriction period. In case of organizational restructuring, the company reserves the right to adjust the restriction period and release conditions accordingly.
The allocation price was determined based on the closing price on the trading day immediately preceding the board resolution, ensuring fairness and reasonableness.
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