Terilogy Holdings Corporation [5133.T]
TOKYO, Jun 23 (Pulse News Wire) – Terilogy Holdings Corporation (5133.T) announced today that its board of directors resolved to issue equity-based stock options, specifically subscription rights, to its directors and fully-owned subsidiary executives based on Articles 236, 238, and 240 of the Companies Act. The issuance aims to enhance directors' incentives for improving corporate value by aligning their interests with those of shareholders through shared risks and rewards related to stock price fluctuations.
A total of 533 subscription rights will be granted, allowing recipients to acquire up to 53,300 common shares upon exercise. Each subscription right corresponds to 100 common shares, subject to adjustments due to share splits or consolidations. Subscription rights can be exercised from July 17, 2026, until July 16, 2056.
The exercise price per share is determined based on the Black-Scholes model valuation on the grant date. Directors who lose their positions within ten days post-loss will still retain the option to exercise their rights, while certain conditions apply for mergers and transfers involving the company. Additionally, the company will absorb unexercised subscription rights without compensation under specific circumstances such as organizational restructuring or shareholder approval for significant transactions.
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