ITO EN (JP:2593) has released an update.
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ITO EN, LTD. has resolved to dispose of 51,675 shares of Class-A Preferred Stock to employees as part of a restricted stock ownership plan aimed at improving corporate value and incentivizing employees. The disposal is scheduled for October 31, 2024, with the shares being granted to 218 employees at a value of 1,860 yen per share, totaling 96,115,500 yen. Transfer restrictions on these shares will be in place until the end of the fiscal year or until the employee’s retirement, with provisions for automatic acquisition by the company under certain conditions.
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