TOKYO, May 14 (Pulse News Wire) – Trenders,inc. (6069.T) announced today that its board of directors resolved to issue paid stock options (subscription rights) .
The issuance does not require shareholder approval as the price is deemed fair and not particularly favorable to recipients. The stock options aim to enhance long-term performance and corporate value by boosting morale and cohesion among executives and employees. Each option grants the right to purchase 100 ordinary shares of Trenders,inc. The exercise price will adjust based on predefined performance goals set for fiscal years ending March 2028 through March 2031, targeting consolidated operating profit of ¥2 billion.
If these goals are met, the exercise price will revert to the closing price on the day prior to the resolution's announcement, which was ¥710 per share. The total number of subscription rights issued is 3,000 units, covering 15 individuals within the company and its subsidiaries. Payment for each subscription right is set at ¥600 per unit, determined by a third-party valuation firm considering market conditions. Exercise of these rights will occur between May 29, 2026, and May 28, 2036, subject to certain conditions such as continued employment and non-transferability without board approval.
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