Ad-Sol Nissin (TYO:3837) resolved to dispose of 11,823 shares of treasury stock as restricted stock compensation for 119 management employees, aiming to promote value-sharing with shareholders and sustain corporate growth, according to a Wednesday filing on the Tokyo Stock Exchange.
The shares will be allotted at a price of 993 yen per share, totaling 11.7 million yen.
The disposal is scheduled for July 2, with a restriction period ending on July 1, 2026. Shares will be managed by a dedicated account at Mitsubishi UFJ Morgan Stanley Securities.
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