Kureha (JP:4023) has released an update.
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Kureha Corporation has decided to award restricted stock remuneration to four of its directors, excluding outside directors, involving the disposal of 7,514 shares of common stock at 2,787 yen per share, totaling 20,941,518 yen. This move aligns directors’ interests with those of shareholders by offering an incentive to boost corporate value, with restrictions lifting upon directors’ retirement or resignation under specified conditions. The initiative is part of a broader compensation plan that limits the annual allocation to 27,000 shares post-stock split.
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