Fujitec Co., Ltd. (JP:6406) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.