Sawai Group Approves 51 Million Yen Share Issue Under Restricted Share Compensation
Sawai Group (TYO:4887) approved the issuance of 30,789 new common shares worth about 51 million yen under its restricted share and performance-linked restricted share compensation plans.The shares will be issued at 1,658 yen each to directors, officers and directors of group companies under the company's equity-based compensation programs, according to a company filing on Thursday.