The Hyakugo Bank Hyakugo Bank Grants Executives Equity Compensation Options

TOKYO, Jun 24 (Pulse News Wire) – The Hyakugo Bank,ltd. (8368.NG) announced today that its board of directors approved the issuance of equity compensation options to its executives based on Section 236, 238, and 240 of the Companies Act.

A total of 107 stock options will be granted to six executive officers excluding outside directors. Each option entitles the holder to purchase 100 shares of common stock at a price determined by the Black-Scholes model on the grant date, July 30, 2026. The exercise period for these options extends until July 30, 2056, subject to adjustments if the bank undergoes mergers, share splits, or consolidations during this time.

The bank's capital increase upon exercise of these options will adhere to legal limits, with the amount calculated according to Article 17 of the Corporate Accounting Regulations. Any fractional amounts arising from calculations will be rounded up. Additionally, the bank reserves the right to acquire unexercised options free of charge under certain conditions outlined in the notice.