Source disclosure: January 14, 2026
SAIZERIYA CO.,LTD. [7581.T]
TOKYO, Jan 14 (Pulse News Wire) -- Saizeria Co., Ltd. (7581.T), led by President and CEO Hideo Matsuyu, announced today that its board of directors held on January 14, 2026, has resolved to issue stock options as subscription rights to its employees under Articles 236, 238, and 239 of the Companies Act. The move aims to enhance employee morale and contribute to the company's performance and value improvement.
The total number of subscription rights to be issued is set at 3,393 units. These will be allocated among 2,045 employees. Each subscription right entitles the holder to purchase 100 ordinary shares of Saizeria Co., Ltd. at an exercise price determined based on the average closing price of the company’s ordinary shares on the Tokyo Stock Exchange during the month preceding the allocation date, multiplied by 1.05. If there were no trades on any given day, the previous trading day's closing price would be used instead.
In addition, adjustments may be made to the number of shares per subscription right in case of mergers, demergers, share exchanges, or other similar transactions after the allocation date. Any fractional shares resulting from such adjustments would be rounded down. Furthermore, the exercise price could also be adjusted in the event of share splits or consolidations, or when new shares are issued or treasury shares are disposed of below market value, excluding certain exceptions such as mandatory buyouts under Article 194 of the Companies Act or transfers of treasury shares under specific legal provisions.
The period during which these subscription rights can be exercised spans from January 30, 2028, to January 29, 2031. Holders must be in one of the positions of director, auditor, or employee within either Saizeria Co., Ltd. or its subsidiaries at the time of exercising their rights, unless they have left due to retirement, term expiration, or another legitimate reason. Additional conditions will be detailed in the subscription agreement between the company and each option holder.
Should the company undergo significant organizational changes, including becoming a disappearing entity through a merger, being spun off through a split-off, or becoming a wholly-owned subsidiary via a share exchange, the board reserves the right to acquire these subscription rights free of charge. Moreover, acquiring subscription rights through transfer requires approval from the board of directors. In cases involving mergers, spin-offs, or share exchanges leading to substantial restructuring, holders of remaining subscription rights will receive corresponding subscription rights from the target companies involved in the reorganization, subject to certain conditions outlined in relevant agreements.
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