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Daiwa House Industry Board Approves New Share Issuance Under Restricted Stock, Performance-Linked Compensation Plan

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Daiwa House Industry's (TYO:1925) board approved the issuance of 193,904 new common shares totaling up to 881.3 million yen under its delivery-type restricted stock compensation and a performance-linked restricted stock compensation plan.

The shares will be allocated to seven directors, excluding outside directors, and 53 executive officers, including officers who resigned from their positions, according to a Thursday filing on the Tokyo Stock Exchange.

The disposal will be completed on August 25.

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