Serendip Holdings Grants Stock Options to Executives and Board Members

TOKYO, Jun 25 (Pulse News Wire) – Serendip Holdings CO.,LTD. (7318.T) resolved to issue stock options to its executives and board members at a June 25 board meeting.

The company plans to grant 338 stock options without charge to boost long-term performance and align executive interests with shareholder value. Each option entitles the holder to receive 100 ordinary shares upon exercise, subject to adjustments based on corporate actions such as share splits or mergers. Exercise prices will be determined based on average closing prices from the preceding month, adjusted upwards by 5%.

The options will be exercisable from July 23, 2029, through July 22, 2034. Any excess capital resulting from exercising the options will be allocated according to legal requirements, with half going to increase the paid-in capital and the remainder to the capital reserve fund. Additionally, the company reserves the right to acquire unexercised options free of charge under certain conditions, such as organizational restructuring events.