Morinaga Milk Industry Co., Ltd. (JP:2264) has released an update.
Morinaga Milk Industry Co., Ltd. has resolved to issue 23,800 shares of its common stock as restricted stock compensation to 7 directors, aiming to align their interests with those of shareholders by sharing the risks and benefits of stock price fluctuations. The stock will be subject to a 30-year transfer restriction, with provisions for automatic company acquisition of the shares under certain conditions, such as early retirement of a director, to ensure long-term commitment and performance incentives.
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