TOKYO, Apr 14 (Pulse News Wire) – Note Inc. (5243.T) announced that its board of directors meeting held, approved the issuance of subscription rights as stock options to executives and employees of its subsidiary companies.
The total number of subscription rights to be issued is 300 units, with 200 units allocated to executives and 100 units to employees. Each subscription right entitles the holder to purchase 100 ordinary shares of Note Inc. Subscription rights will be granted free of charge and their exercise price per share will be determined based on the closing price of Note Inc.'s ordinary shares on the Tokyo Stock Exchange.
The exercise period for these subscription rights is from April 15, 2028, to April 14, 2036. Subscription rights cannot be transferred without approval from the board of directors. Upon exercise, the capital increase resulting from the issuance of new shares will adhere to the calculation method outlined in Article 17 of the Corporate Accounting Standards, with any fractional amounts rounded up.
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