TECMIRA HOLDINGS INC. [3627.T]
TOKYO, Jun 12 (Pulse News Wire) – TECMIRA HOLDINGS INC. (3627.T) resolved at its board meeting held , to issue stock options in the form of subscription rights to non-audit committee directors and employees of its subsidiary companies.
The issuance aims to enhance long-term performance and align interests with shareholders. Under the resolution, TECMIRA will issue 1,000 subscription rights, each allowing the holder to acquire 100 ordinary shares upon exercise. The exercise price will be determined based on the average closing price of TECMIRA's ordinary shares on the Tokyo Stock Exchange during the month prior to the grant date, rounded up to the nearest whole number. The grant date is set for June 29, 2026.
The subscription rights will vest over a period from July 1, 2030, to June 29, 2033. Any adjustments to the number of shares or exercise prices due to corporate actions such as mergers, spin-offs, or share issuances will follow predefined formulas outlined in the disclosure. Additionally, TECMIRA will not issue certificates for these subscription rights but instead manage them internally. Subscription applications will be accepted from June 15, 2026, to June 26, 2026.
One director will receive 100 subscription rights, while 12 subsidiary employees will collectively receive 900 subscription rights.
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