Wellneo Sugar (TYO:2117) will implement a performance-linked share-based remuneration system for its directors, excluding external directors, according to a Tuesday filing on the Tokyo Stock Exchange.
The proposal will be submitted for approval at the 14th annual general meeting of shareholders on June 26.
If approved, the system will apply to the fiscal years from March 31, 2026, to March 31, 2028, with an upper limit of 150 million yen in total for acquiring company shares.
The system involves a trust fund to acquire and allocate shares to directors, with transfer restrictions until their retirement. Additionally, a similar scheme will be introduced for executive officers.
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