HOYA (JP:7741) has released an update.
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HOYA CORPORATION has announced that its Board of Directors has approved the disposal of treasury stock as part of its Performance Based Stock Compensation Plan designed to incentivize executives. A total of 2,000 common shares will be disposed of at 18,940 YEN per share, aiming to boost long-term business performance and increase corporate value. The disposal is targeted at Executive Officers as part of a plan that adjusts compensation based on the achievement of performance targets over a three-year period.
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