MinebeaMitsumi (JP:6479) has released an update.
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MinebeaMitsumi Inc. plans to dispose of 245,400 treasury shares at 3,475 yen each to continue their performance-linked stock remuneration system for directors. This move, expected to result in a marginal share dilution of 0.06%, aims to enhance corporate value by aligning director remuneration with the company’s stock performance. The transaction is set to proceed, pending regulatory approval, with the belief that it will not significantly impact the trading market.
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