Takeda Pharmaceutical (TYO:4502) said it has completed the issuance of new shares and disposal of treasury stock under its long-term incentive plan, according to a Wednesday filing.
The company said the incentive plan for group employees outside Japan follows a partial forfeiture of rights granted to previously planned allottees.
The company issued 16.9 million ordinary shares totaling 85.2 billion yen, comprising 10.8 million newly issued shares and 6.1 million treasury shares, down from the proposed 85.8 billion yen worth of shares.
The allotments covered 10,477 employees of Takeda and its subsidiaries, compared with the originally planned 10,557 recipients.