Fujitec Co., Ltd. (JP:6406) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Fujitec Co., Ltd. has announced the disposal of 5,776 treasury shares as part of a restricted stock-based compensation plan for its directors and executive officers. The plan aims to align the interests of the beneficiaries with those of the shareholders and incentivize the improvement of corporate value. Each share is priced at 4,444 yen, totaling 25,668,544 yen, with a 40-year restriction period before beneficiaries can transfer their shares.
For further insights into JP:6406 stock, check out TipRanks’ Stock Analysis page.