GOKURAKUYU HOLDINGS CO.,LTD. [2340.T]
TOKYO, Jun 26 (Pulse News Wire) – Gokurakuyu Holdings CO.,LTD. (2340.T) announced that , its board approved the issuance of stock options to six executives, totaling up to 120 options.
Each option allows the recipient to purchase 100 shares of common stock at a price determined by the Black-Scholes model on the grant date. Exercise of these options is permitted from July 12, 2026, to July 11, 2046. The purpose of issuing these stock options is to align executive interests with shareholder value and encourage contributions to share price appreciation and corporate growth.
Key conditions include a three-year vesting period post-grant and mandatory exercise within five years of leaving office due to retirement or other valid reasons. Payment for exercising the options can be made through offset against owed compensation, eliminating the need for cash payment. Additionally, the company retains the right to reclaim options under various circumstances, such as violation of regulations or significant damage to the company's reputation.
The total capital increase upon exercise would be calculated according to legal provisions, with adjustments based on potential future stock splits or consolidations.
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