UBE Industries (JP:4208) has released an update.
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UBE Corporation has resolved to dispose of treasury stock as part of a restricted stock remuneration plan for certain directors and executive officers, amounting to 25,300 shares at 2,842.5 yen each, totaling 71,915,250 yen. The plan, which was approved in 2022, aims to align the interests of these individuals with shareholder value over a medium to long term, imposing a 30-year transfer restriction period on the allocated stock.
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