Murata Manufacturing Co (JP:6981) has released an update.
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Murata Manufacturing Co., Ltd. has announced the disposal of treasury shares for stock compensation, targeting directors and vice presidents, with a total value of approximately 228 million yen. The initiative, set for July 26, 2024, aims to align the interests of directors with those of shareholders and incentivize the sustainable increase of corporate value. Shares will be offered at 3,300 yen each and come with a transfer restriction period of three to five years.
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