TOKYO, May 25 (Pulse News Wire) – Wood ONE CO.,LTD. (7898.T) resolved to issue stock options in the form of subscription rights to its directors and executive officers without charge, subject to approval at its upcoming annual shareholders' meeting scheduled for June 26, 2026.
Under the plan, up to 500 subscription rights will be granted, with each right entitling the holder to purchase 100 common shares at a price determined based on the average closing price of the company's shares on the Tokyo Stock Exchange in the month prior to issuance, adjusted by 1.05. Subscription rights can be exercised from July 25, 2028, through June 30, 2035, contingent upon the recipient remaining in their position within the company during the exercise period.
Additionally, the resolution includes provisions allowing the company to acquire outstanding subscription rights under certain conditions, such as mergers or changes in employment status. The company also reserves the right to adjust the exercise price and number of shares associated with the subscription rights due to corporate actions like share splits or capital reductions.
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