Sanwa Holdings disposes of treasury stock to boost subsidiary

Sanwa Holdings Corporation (TSE:5929) announced the disposal of 25,030 shares of its treasury stock as restricted stock to 5 directors and 11 executive officers of its subsidiary, Sanwa Shutter Corporation, effective April 28, 2025. The move aims to enhance motivation and align the interests of Sanwa Shutter's leadership with those of Sanwa Holdings' shareholders. The shares are priced at JPY4,769 per share, totaling JPY119,368,070. Allotted persons will receive restricted shares and will be subject to a transfer restriction period until they retire from their position as Director or Executive Officer in either Sanwa Holdings or Sanwa Shutter.