Tokyo Seimitsu Co., Ltd (JP:7729) has released an update.
Tokyo Seimitsu Co., Ltd. has announced the disposal of treasury stock to implement a new performance-linked stock compensation plan, with 200,000 shares to be disposed of at 6,906 Japanese Yen each. This move, approved at their 101st Annual General Meeting, aims to incentivize eligible personnel over the next three fiscal years and is expected to involve less than 0.5% of the company’s total voting rights. The plan is facilitated through a trust agreement with Mizuho Trust & Banking Co., Ltd., with the trust’s operation commencing on September 27th, 2024.
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