Morinaga & Co (JP:2201) has released an update.
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Morinaga & Co., Ltd. has resolved to continue its Performance-Linked Stock Compensation Plan by disposing of 31,000 treasury shares at 2,622.5 yen each to The Master Trust Bank of Japan, aiming to enhance directors’ alignment with shareholder value and long-term company performance. The disposal represents a minimal dilution of 0.03% of total shares and will not significantly impact the market as shares are distributed in accordance with Directors’ Share Delivery Regulations. The disposal price is set in line with recent market values to ensure fairness and reasonableness.
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