TOKYO, May 27 (Pulse News Wire) – Appirits Inc. (4174.T) announced today that its board of directors approved the issuance of stock options (new share subscription rights) to executives of its subsidiary based on approval received at the company's 26th regular shareholders' meeting held on April 28, 2026.
Under the plan, 100 new share subscription rights will be allocated to one executive of the subsidiary. Each subscription right entitles the holder to purchase 100 common shares of Appirits Inc. The exercise price per share will be determined based on the average closing price of Appirits Inc.'s common shares on the Tokyo Stock Exchange during the month prior to the allocation date, adjusted by 1.05, or the closing price on the allocation date, whichever is higher.
Any fractional amounts resulting from calculations will be rounded up. Exercise of these subscription rights will be possible from May 28, 2026, until May 27, 2028. Capital contributions arising from the exercise of these rights will be subject to certain limitations and adjustments as outlined in the resolution.
Additionally, the transfer of these subscription rights requires approval from Appirits Inc.’s board of directors.
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