Takeda Pharmaceutical (NYSE:TAK) has announced its decision to issue new shares and dispose of treasury shares under its Long Term Incentive Plan (LTIP) for company group employees outside of Japan.

The move includes the issuance of 15,905,936 ordinary shares, comprising 8,578,474 new shares and 7,327,462 treasury shares, at a price of 4,241 yen per share.

The issuance is set for payment on July 8, 2024, and aims to align employee interests with shareholder interests, attract and retain personnel, and support the company’s risk mitigation strategy.