TV Asahi issues new shares, cancels treasury stock

TV Asahi Holdings Corporation (TSE:9409) announced today that its Board of Directors has approved the issuance of 8,345 new shares as restricted stock compensation to 14 operating directors of the company and its subsidiary, TV Asahi Corporation. This initiative aims to strengthen the alignment of management interests with those of shareholders, fostering a greater commitment to increasing stock price and overall corporate value. The new shares, priced at JPY 2,706 per share, will be issued on July 25, 2025, for a total value of JPY 22,581,570. These shares are subject to a 30-year transfer restriction period. Simultaneously, the company will cancel 8,345 of its treasury shares on the same date. This decision, made in accordance with Article 178 of the Companies Act, is intended to offset the dilutive effect of the new share issuance.