TOKYO, May 22 (Pulse News Wire) – Ministop CO.,LTD. (9946.T) decided to issue equity compensation stock options at its board meeting held.
The move aims to enhance alignment between executive remuneration and company performance, fostering long-term growth and value enhancement. Under the plan, up to 122 stock options will be allocated to three newly appointed directors, each option entitling the holder to purchase 100 shares of common stock. Exercise prices will be set based on fair valuation on the allocation date, which is scheduled for May 31, 2027. Directors must remain in their positions until five years post-retirement to exercise their rights, valid from June 30, 2027, through June 29, 2042.
Additionally, the company reserves the right to acquire outstanding options without payment should certain conditions be met, such as significant violations of law or internal regulations, criminal convictions, unauthorized competition, or voluntary relinquishment of rights. Any acquired options will be promptly canceled by the board resolution. Furthermore, stock options cannot be transferred or used as collateral, nor can they be inherited beyond the immediate legal heir. There will be no issuance of physical certificates for these options, adhering strictly to digital records.
Capital increases resulting from exercised options will follow specific accounting procedures, ensuring precise adjustments to capital accounts.
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