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UBE Corporation Announces Disposal of Treasury Stock for Long-term Incentive Plan

Story Highlights
  • UBE Corporation will dispose of 20,200 treasury shares as part of its remuneration plan.
  • The plan aims to align interests with shareholders through a 30-year restriction period.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
UBE Corporation Announces Disposal of Treasury Stock for Long-term Incentive Plan

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UBE Industries ( (JP:4208) ) just unveiled an update.

UBE Corporation announced the disposal of 20,200 shares of treasury stock as part of its Restricted Stock Remuneration Plan, aimed at aligning the interests of its directors and executive officers with those of shareholders. This move is intended to foster long-term shareholder value by imposing a 30-year transfer restriction period on the allotted shares, ensuring that the eligible directors and officers are incentivized to contribute to the company’s sustained growth.

The most recent analyst rating on (JP:4208) stock is a Hold with a Yen2900.00 price target. To see the full list of analyst forecasts on UBE Industries stock, see the JP:4208 Stock Forecast page.

More about UBE Industries

UBE Corporation operates in the industrial sector, focusing on the production and distribution of chemicals, construction materials, and machinery. The company is listed on the Tokyo Stock Exchange and is known for its diverse product offerings and commitment to innovation.

Average Trading Volume: 590,150

Technical Sentiment Signal: Hold

Current Market Cap: Yen215.5B

For detailed information about 4208 stock, go to TipRanks’ Stock Analysis page.

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