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Takeda Pharmaceutical to Issue 17 Million Shares Under Employee Incentive Plan

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Takeda Pharmaceutical (TYO:4502) will issue nearly 17 million ordinary shares at 5,050 yen each for a total of 85.8 billion yen.

The shares will be allocated to 10,557 employees of Takeda and its subsidiaries under the company's Long-Term Incentive Plan, according to a Tokyo bourse filing on Wednesday.

The incentive grants are restricted stock units that vest annually over three years and performance stock units that vest after a three-fiscal-year evaluation based on achievement of performance goals.

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