TOKYO, Jun 22 (Pulse News Wire) – inspec Inc. (6656.T) resolved to seek shareholder approval at its upcoming annual general meeting scheduled for July 24 to issue up to 200 stock options to directors, auditors, and employees.
According to the resolution, the issuance would involve granting up to 6,000 ordinary shares to directors, subject to adjustments based on future share splits or consolidations. The total number of ordinary shares deliverable upon exercise of all stock options allocated to directors would amount to 6,000, representing 0.15% of the outstanding share capital of 4,012,800 shares as of April 30, 2026. The dilution rate is deemed minor, making the allocation appropriate. Additionally, the issuance aligns with the company's goal of promoting management focused on enhancing shareholder value.
Each stock option grants the right to purchase 100 ordinary shares at an exercise price determined by averaging the closing prices of the preceding month on the Tokyo Stock Exchange, adjusted upwards by 5%. In case of significant events such as issuing new shares below market value or disposing of treasury shares at a discount, the exercise price will be recalculated accordingly. The exercise period for the stock options begins one day after their grant date and lasts up to ten years. Exercise conditions stipulate that recipients must remain in executive, auditor, or employee positions during the exercise period, except in cases of retirement due to term expiration or legitimate reasons approved by the board.
Unexercised options will revert to the company if holders lose their respective roles or abandon their rights.
🟢 Confidence: High AI-translated content.