KOEI TECMO HOLDINGS CO.,LTD. [3635.T]
TOKYO, May 18 (Pulse News Wire) – Koei Tecmo Holdings CO.,LTD. (3635.T) resolved to issue stock options to its directors and employees under favorable conditions based on provisions of the Companies Act.
The resolution includes granting up to 1,000,000 shares, with 50,000 shares reserved for external directors. The total number of options available is capped at 10,000, with 1,000 allocated for external directors. Exercise prices will be determined based on average closing prices of the company's ordinary shares on the Tokyo Stock Exchange in the month prior to allocation, adjusted by 1.05. The company plans to seek approval for these measures at its 17th Ordinary General Meeting scheduled for June 18, 2026.
Additionally, the board will propose a method for calculating the value of stock options granted as part of director compensation at the same meeting. Separately, the company disclosed that its current board consists of 11 members, six of whom are outside directors. The stock option program aims to enhance performance and morale within the group. Directors will need to hold their positions or retire due to normal circumstances to exercise their options.
Any unexercised options will lapse upon termination of employment without valid reasons.
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