Ichiyoshi Securities Co.,Ltd. [8624.T]
TOKYO, May 13 (Pulse News Wire) – Ichiyoshi Securities CO.,LTD. (8624.T) resolved to grant its board authority to issue up to 5,000 stock options to directors, executives, advisors, and employees without charge.
The options, exercisable until June 20, 2036, aim to boost performance and attract talent. Each option entitles the holder to purchase 100 ordinary shares at a price determined based on average closing prices from the previous month on the Tokyo Stock Exchange, adjusted by 1.05%.
Under the resolution, the total number of shares issuable upon exercise of the options is capped at 500,000 ordinary shares. The capital increase resulting from exercising these options would be calculated according to company regulations, with adjustments made for share splits or consolidations.
Additionally, the company outlined conditions for transferring these options during mergers, acquisitions, or restructurings, ensuring continuity for holders while adhering to regulatory requirements.
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