The Miyazaki Bank,Ltd. [8393.T]
TOKYO, Jun 25 (Pulse News Wire) – The Miyazaki Bank,ltd. (8393.F) announced that its board of directors approved the issuance of stock options to 12 executives and non-audit committee directors.
The bank plans to issue 543 subscription rights, each allowing the holder to purchase 50 ordinary shares at a predetermined price of August 01, 2026 through July 31, 2056. Under the plan, the exercise price per share will be determined based on the Black-Scholes model on the grant date. Any excess payment amount will be offset against the recipient's compensation receivable.
Additionally, the bank clarified conditions for exercising the options post-executive status loss or upon specific events such as mergers or spin-offs. The subscription rights will be granted on July 31, 2026, with payments due by July 31, 2026. Exercise of these options could increase capital and capital reserves according to predefined formulas, ensuring alignment with regulatory requirements.
🟢 Confidence: High AI-translated content.