TOKYO, Mar 25 (Pulse News Wire) – Sourcenext Corporation (4344.T) resolved to issue stock options to its directors (excluding outside directors) and employees through a resolution passed during today's board meeting. The total number of stock options to be issued is 5,740 units, with each option entitling the holder to receive 100 ordinary shares upon exercise.
The exercise price per share will be determined based on the average closing price of Sourcenext’s ordinary shares on the Tokyo Stock Exchange in the month preceding the grant date, multiplied by 1.05. Should this calculated value fall below the closing price on the grant date, the latter will serve as the exercise price. Exercise of these options is permissible from March 26, 2028, until March 25, 2036. Directors and employees who hold these options must remain affiliated with Sourcenext or its related companies throughout their tenure to retain eligibility for exercising the options.
Any violation of company regulations or actions deemed detrimental to the company could result in forfeiture of unexercised options. Additionally, should Sourcenext undergo significant organizational restructuring such as mergers or spin-offs, adjustments to the options' parameters will be made according to applicable legal provisions. Furthermore, Sourcenext will allocate 2,644 units to two internal directors and 3,096 units to 34 employees. The issuance of these stock options aims to enhance long-term corporate value by boosting morale and fostering stronger cohesion among staff while also attracting top talent.
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