SUMIDA: Investor News

Notice Concerning the Determination of Terms of Performance-linked Share Acquisition Rights (Stock Options)

April 24th 2018
Press Release

SUMIDA CORPORATION (hereafter the “Company”) would like to announce that the specific terms and conditions of 1) the performance-linked share acquisition rights (stock options) issued to the directors and employees of the subsidiaries, 2) the performance-linked share acquisition rights (stock options) issued to the executive officers and 3) the performance-linked share acquisition rights (stock options) with charge issued to the executive officers have been determined as set forth below. These were previously undetermined when the offering was resolved by the Representative Executive Officer on March 26, 2018.

    1. The performance-linked share acquisition rights (stock options) issued to the directors and employees of the subsidiaries
      1. Total number of share acquisition rights: 2,800 units
      2. Number persons to be allotted share acquisition right
        1. Directors: 19 persons
        2. Employees: 23 persons
      3. Class and number of shares to be issued or transferred upon exercise of share acquisition rights: 280,000 Ordinary shares
    2. The performance-linked share acquisition rights (stock options) issued to the executive officers of the Company
      1. Total number of share acquisition rights: 1,008 units
      2. Number persons to be allotted share acquisition right
        1. Executive Officers: 3 persons
      3. Class and number of shares to be issued or transferred upon exercise of share acquisition rights:
        1. 100,800 Ordinary shares
      4. Monetary amount to be paid
        1. 132,787 yen per unit (1,327.87 yen per share)

        Pursuant to article 246 paragraph 2 of the Companies Act, remuneration rights and payment obligations of the amount to be paid to the Company by each executive officer are being offset from each other.

    3. The performance-linked share acquisition rights (stock options) issued to the executive officers of the Company
      1. Total number of share acquisition rights: 1,988 units
      2. Number persons to be allotted share acquisition right
        1. Executive Officers: 2 persons
      3. Class and number of shares to be issued or transferred upon exercise of share acquisition rights:
        1. 198,800 Ordinary shares

(Reference)
Details were disclosed in the Company’s press release of “Notice of Issuance of Performance-linked Share Acquisition rights (Stock Options)” dated on March 27, 2018.

Archive