TOKYO, May 20 (Pulse News Wire) – Aeon Kyushu CO.,LTD. (2653.T) announced today that its board of directors approved the issuance of stock options to executives as part of its equity compensation plan.
The options allow up to 232 units to be granted to five directors elected at the 54th ordinary shareholders' meeting held. Each option entitles the holder to purchase shares at a price of ¥1 per share, adjusted based on corporate actions such as stock splits or mergers. The exercise period for these options spans from June 10, 2027, to June 9, 2042. To maintain eligibility, holders must remain in their executive positions until at least five years post-retirement.
Any unexercised options expire upon the lapse of the exercise period or within five years of retirement, whichever comes later. Additionally, the company reserves the right to cancel options if holders violate laws, regulations, or engage in prohibited activities. In another key provision, the company mandates that options cannot be transferred or used as collateral. Upon the death of an option holder, rights pass exclusively to a designated heir, who also faces restrictions on further transfers.
The company plans to issue these options on May 10, 2027, without requiring cash payment, instead issuing them as part of executive remuneration.
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