Kumagai Gumi Co (JP:1861) has released an update.
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Kumagai Gumi Co., Ltd. has decided to allocate additional funds for its stock compensation plan, aimed at acquiring shares for its Directors and Executive Officers, excluding Outside Directors. The plan, managed by Sumitomo Mitsui Trust Bank and holding a maximum investment of 410 million yen for up to 205,000 shares, is set to make acquisitions from August 27 to September 30, 2024. This move is part of the company’s effort to incentivize its key executives through stock ownership.
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