REVO International Inc. [5022.T]
TOKYO, Jun 02 (Pulse News Wire) – REVO International Inc. (5022.T) announced today that its board of directors approved a proposal to extend the exercise period for the second tranche of stock options granted to employees.
The extension was proposed to promote the exercise of these options and maintain employee motivation and responsibility towards improving company performance. The original exercise period for the second tranche of stock options, which was set from September 19, 2006, to September 17, 2026, will now run until September 17, 2029.
This change follows a prolonged period during which these options were not exercised, prompting the need for an extended window to encourage their utilization. The revised proposal will be put forward for approval at the company's upcoming 27th Annual General Meeting scheduled for June 24, 2026.
If approved, the changes will take effect immediately upon shareholder consent.
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