SUMIDA: Investor News

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

April 26th 2018
Press Release

SUMIDA CORPORATION (“the Company”) would like to announce a correction to the terms of the “Notice Concerning the Determination of Terms of Performance-linked Share Acquisition Rights (Stock Options)”, which was published on April 24, 2018. The correction is as follows.

Before Correction

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.

【After Correction

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. 126,995 yen per unit (1,269.95 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.

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