TOKYO, May 28 (Pulse News Wire) – Kanseki Co.,ltd (9903.T) resolved at its board meeting held, to issue equity-based stock options (subscription rights) to its executives, excluding audit committee members. The move aims to align executive interests with shareholder value through shared risk and reward.
Under the plan, five non-audit committee directors will receive a total of 159 subscription rights, each granting the right to subscribe to 100 common shares. The exercise price per share will be determined based on the Black-Scholes model on the grant date, which is set for June 12, 2026. Subscription rights can be exercised from June 13, 2026, until June 12, 2056, subject to certain conditions such as continued directorship status.
In case of exercise, the capital increase would be calculated according to the Companies Act, with the amount being rounded up to the nearest whole number. Additionally, the company reserves the right to acquire unexercised subscription rights free of charge under specific circumstances outlined in the agreement. This initiative underscores Kansei's commitment to fostering long-term performance and enhancing corporate value among its leadership team.
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