JGC (JP:1963) has released an update.
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JGC HOLDINGS CORPORATION is set to issue 99,522 new shares as restricted stock compensation, aimed at aligning the interests of its directors and executive officers with those of shareholders by sharing the benefits and risks of stock price fluctuations. The shares will be allocated to various recipients including directors and executive officers of both JGC HOLDINGS and its subsidiaries, with the total issue valued at 126,392,940 yen. This initiative is part of a broader strategy to incentivize long-term enhancements in corporate value, with a significant restricted period of 30 years.
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