Mitsubishi Corporation [8058.T]
TOKYO, May 19 (Pulse News Wire) – Mitsubishi Corporation (8058.T) decided at its board meeting held, to grant stock options to three non-executive directors under the C2 Plan. A total of 142 options will be offered, each allowing the recipient to purchase 300 shares at a predetermined price.
The options will be exercisable from July 09, 2027, through July 08, 2054. Adjustments to the number of shares per option will occur if the company undergoes share splits or consolidations post-granting date. Any adjustments will be communicated to recipients prior to their effective date, except in cases where immediate notification is necessary due to unforeseen circumstances.
Additionally, the exercise of these options will increase the company's capital by half of the calculated capital increase limit according to Corporate Accounting Standards Rule 17, rounding up any fractions below one yen. The remaining amount will be allocated to capital reserves. Transfer restrictions apply, requiring approval from the company’s board for any acquisitions via transfers.
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