Yonex Co (JP:7906) has released an update.
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Yonex Co., Ltd. has resolved to award 26,000 shares of treasury stock to its directors as restricted stock compensation to incentivize long-term performance and align directors’ interests with those of shareholders. The shares are priced at 2,176 yen each, totaling 56,576,000 yen, with a transfer restriction period of 50 years to ensure directors’ commitment to the company’s future. This move is part of a broader compensation plan approved by shareholders and is aimed at boosting directors’ motivation and dedication over an extended period.
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