HEROZ, Inc. (JP:4382) has released an update.
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HEROZ, Inc. is set to issue new shares as part of a restricted stock compensation plan aimed at aligning the interests of directors, executive officers, and employees with those of shareholders by sharing the benefits and risks of stock price fluctuations. A total of 28,580 new shares will be issued at 1,107 yen each, amounting to 31,638,060 yen, to incentivize increased contribution towards the company’s share price growth and corporate value improvement. The shares will be subject to restriction from the date of allotment until the respective retirement or resignation of the recipients.
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