Open House Group Co.,Ltd. [3288.T]
TOKYO, May 15 (Pulse News Wire) – Open House Group CO.,LTD. (3288.T) resolved to grant stock options in the form of subscription rights to its employees and those of its wholly-owned subsidiaries during a board meeting held.
The total number of subscription rights to be granted is 1,072, comprising 174 for company employees, 24 for subsidiary directors, 56 for subsidiary executive officers, and 818 for subsidiary employees. Each subscription right entitles the holder to purchase 100 ordinary shares upon exercise. The subscription rights will be exercisable from June 6, 2028, until May 15, 2036.
Subscription rights will be granted without payment, with recipients able to offset the amount through their salary or compensation owed to the company. The exercise price per share will be determined based on the average closing price of the company's ordinary shares on the Tokyo Stock Exchange in the month preceding the allocation date, multiplied by 1.05, rounded up to the nearest whole number. Adjustments will be made in case of stock splits or mergers post-allocation date.
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