NHK Spring Co., Ltd. (JP:5991) has released an update.
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NHK SPRING CO., LTD. has announced a Board of Directors resolution to issue 1,058,000 shares of treasury stock as restricted stock to employee shareholding associations (ESAs) to strengthen its welfare program and encourage employee asset building and corporate unity. Set for January 24, 2025, the disposal aims to foster employee engagement and sustainable corporate value enhancement. The plan is expected to result in a dilution of 0.43% to total shares and 0.48% to total voting rights based on current figures.
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