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Ultrafabrics Announces Restricted Stock Compensation Plan

Story Highlights
  • Ultrafabrics Holdings specializes in high-quality, animal-free performance fabrics.
  • The company disposes 42,000 shares for director compensation to align interests with shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ultrafabrics Announces Restricted Stock Compensation Plan

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Ultrafabrics Holdings Co.,Ltd. ( (JP:4235) ) just unveiled an announcement.

Ultrafabrics Holdings Co., Ltd. announced the disposal of 42,000 treasury shares as restricted stock compensation for its directors, excluding those on the Audit and Supervisory Committee. This move aims to align the directors’ interests with shareholders by sharing the risks and benefits of stock price fluctuations, thereby enhancing motivation to improve corporate value.

More about Ultrafabrics Holdings Co.,Ltd.

Ultrafabrics Holdings Co., Ltd. operates in the materials industry, focusing on the production of high-quality, animal-free performance fabrics that cater to various markets including automotive, furniture, and fashion.

YTD Price Performance: -26.20%

Average Trading Volume: 39,863

Technical Sentiment Signal: Buy

Current Market Cap: Yen11.29B

See more data about 4235 stock on TipRanks’ Stock Analysis page.

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