Astena Holdings Extends Share-Based Pay Plan for Directors

MT Newswires Live

01/26

Astena Holdings (TYO:8095) said its board approved the continuation of its trust-type share-based remuneration plan for directors at the parent and four subsidiaries, according to a Monday filing on the Tokyo Stock Exchange.

The plan uses a Board Incentive Plan (BIP) trust structure, under which company shares and cash equivalents are granted based on performance.

No new trust contribution will be made, with share purchases funded from residual assets in the existing trust. The trust is scheduled to acquire shares in the market between Feb. 3 and Feb. 17.

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