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Shinagawa Refractories Co., Ltd. ( (JP:5351) ) just unveiled an update.
Shinagawa Refractories Co., Ltd. has announced the disposal of 29,882 shares of its treasury stock as part of a performance-based stock compensation plan for its directors. This move aims to align the interests of the directors with those of the shareholders and enhance corporate value. The disposal is part of a broader strategy to incentivize directors through a performance-linked stock-based compensation plan, which was approved at the company’s 189th Ordinary General Meeting of Shareholders. The plan involves issuing or disposing of common stock to eligible directors, with a transfer restriction period until they lose their directorship.
More about Shinagawa Refractories Co., Ltd.
Shinagawa Refractories Co., Ltd. operates in the refractories industry, focusing on the production and supply of refractory materials. These materials are essential for high-temperature industrial processes, and the company is listed on the Prime Market of the Tokyo Stock Exchange and the Main Market of the Sapporo Securities Exchange.
Average Trading Volume: 67,391
Technical Sentiment Signal: Hold
Current Market Cap: Yen76.53B
For an in-depth examination of 5351 stock, go to TipRanks’ Overview page.