Management Solutions (TYO:7033) completed the payment procedures for issuing 16,700 new shares as restricted stock compensation on Monday, according to a same-day filing on the Tokyo Stock Exchange.

The shares were priced at 1,801 yen each, totaling approximately 30.1 million yen.

The allotment includes 13,000 shares for two internal directors, 2,000 shares for two outside directors, and 1,700 shares for one senior executive officer.

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