Meiho Facility Works Ltd. [1717.T]
TOKYO, Jun 24 (Pulse News Wire) – Meiho Facility Works Ltd. (1717.T) resolved to issue stock options to its executives during a board meeting held.
The company plans to grant 200 stock options to five non-audit committee directors, excluding external and part-time directors. Each option allows the holder to purchase 100 shares of common stock upon exercise. Under the terms set forth, the exercise price per share will be determined based on the Black-Scholes model applied on the grant date. The total capital increase due to exercised options would amount to ¥1.
Additionally, the exercise period for these options spans from April 1, 2027, to March 31, 2028. Exercise conditions stipulate that the holders must remain in their executive roles until the exercise date, except in cases approved by the board. Furthermore, the company's fiscal 2027 ordinary profit target must be met for the options to be exercisable. Any unexercised options will lapse if the holder resigns or loses their position prior to the end of their term.
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