Tokai Electronics Sets Share Option Exercise Price for July 2026 Issuance

TOKYO, Jul 29 (Pulse News Wire) – Tokai Electronics (8071.NG) announced the determination of the exercise price for its stock option grants issued in July 2026. The options, intended as share-based compensation for directors, senior executives, and executive officers, will be exercisable at a price of ¥451,976 per warrant, equivalent to the fair value on the grant date. Key details of the issuance include: - Resolution date: June 25, 2026 - Exercise period: July 29, 2026 to July 10, 2053 - Grant date: July 28, 2026 - Total number of warrants: 41 - Type and quantity of shares underlying the warrants: Ordinary shares totaling 8,200 The allocation of the warrants among recipients is as follows: - Directors: 6 individuals receiving 24 warrants - Senior Executives: 7 individuals receiving 10 warrants - Executive Officers: 7 individuals receiving 7 warrants No monetary payment will be made upon exchange of the warrants for shares, aligning with their purpose as part of the compensation package.