Mitsui OSKLines (JP:9104) has released an update.
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Mitsui O.S.K. Lines, Ltd. has announced the issuance of 6,568 new shares as part of a non-performance-linked restricted stock compensation plan for its non-executive directors. The plan aims to align director interests with shareholder value, with the shares priced at 5,179 yen each, totaling 34,015,672 yen. Restrictions on these shares will be lifted upon the directors’ resignation or after a certain period post-resignation, as outlined in the Allocation Agreement.
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