SUMIDA: Investor News

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

April 24th 2024
Press Release

SUMIDA CORPORATION (hereafter the “Company”) would like to announce that as of April 24, 2024, the Company determined the specific terms and conditions of 1) the FY 2024 performance-linked share acquisition rights (stock options) issued to directors and employees of the Company’s subsidiaries and 2) the FY 2024 performance-linked share acquisition rights (stock options) issued to the executive officers of the Company.  These were previously undetermined when the offering was resolved by the Representative Executive Officer on March 27, 2024.

    1. The FY 2024 performance-linked share acquisition rights (stock options) issued to the directors and employees of the Company’s subsidiaries
      1. Total number of share acquisition rights: 5,798 units
      2. Number persons to be allotted share acquisition right
        1. Directors: 14 persons
        2. Employees: 28 persons
      3. Class and number of shares to be issued or transferred upon exercise of share acquisition rights: 579,800 Ordinary shares
    2. The FY 2024 performance-linked share acquisition rights (stock options) issued to the executive officers of the Company
      1. Total number of share acquisition rights: 1,468 units
      2. Number persons to be allotted share acquisition right
        1. Executive Officers: 4 persons
      3. Class and number of shares to be issued or transferred upon exercise of share acquisition rights:
        1. 146,800 Ordinary shares
      4. Monetary amount to be paid
        1. 88,500 yen per unit (885 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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