TOKYO, May 14 (Pulse News Wire) – Powerx,inc. (485A.T) resolved at its board meeting held, to issue stock options to its executives and employees without charge.
The move aims to boost morale and enhance team cohesion towards achieving short-term performance growth and long-term enterprise value enhancement. Under the plan, a total of 17,544 stock options will be granted, allowing recipients to acquire up to 17,544 common shares upon exercise. The exercise price per share will be determined based on the average closing price of PowerX's common shares on the Tokyo Stock Exchange during April 2026, multiplied by 1.05. Any fractional shares resulting from adjustments due to corporate actions such as stock splits or mergers will be rounded up.
The exercise period for these stock options begins on May 29, 2028, and ends on May 28, 2030. Exercise conditions stipulate that the option holders must be employed by PowerX or its affiliates at the time of exercising their rights, except in cases approved by the board of directors. Additionally, the exercise is contingent on the company exceeding a net profit threshold of ¥5 billion for the fiscal year preceding the exercise date. In another development, the company plans to grant stock options to six executives totaling 7,894 and eighteen employees amounting to 9,650.
The allocation will take place on May 25, 2026.
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