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Shindengen Electric Announces Treasury Stock Disposal for Director Compensation

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Shindengen Electric Announces Treasury Stock Disposal for Director Compensation

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Shindengen Electric Mfg Co Ltd ( (JP:6844) ) has provided an announcement.

Shindengen Electric Manufacturing Co., Ltd. announced the disposal of treasury stock as part of a restricted stock compensation plan for its directors. This initiative aims to align director incentives with the company’s long-term vision and enhance shareholder value. The plan involves the allocation of 4,453 shares to four directors, with a transfer restriction period set for three years, promoting sustained engagement with the company’s strategic goals.

More about Shindengen Electric Mfg Co Ltd

Shindengen Electric Manufacturing Co., Ltd. operates in the electric manufacturing industry, focusing on the production of electronic components and power systems. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its commitment to enhancing governance and shareholder value.

Average Trading Volume: 60,040

Technical Sentiment Signal: Sell

Current Market Cap: Yen22.02B

See more data about 6844 stock on TipRanks’ Stock Analysis page.

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