Fujitec Co., Ltd. (JP:6406) has released an update.
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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.
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