Sojitz Corporation Updates Director Incentive Plan

Sojitz (JP:2768) has released an update.

Sojitz Corporation has announced the disposal of treasury shares through a third-party allotment as part of an updated performance-linked share remuneration system for directors. The allotment involves 538,300 common shares at a price of 3,727 yen each, totaling over 2 billion yen, with The Master Trust Bank of Japan, Ltd. as the allottee. This move aims to incentivize directors and is expected to have a negligible impact on the stock market due to the minimal dilution of 0.24% of total outstanding shares.

For further insights into JP:2768 stock, check out TipRanks’ Stock Analysis page.