YAMADA Consulting Group Co.,Ltd. [4792.T]
TOKYO, May 20 (Pulse News Wire) – Yamada Consulting Group CO.,LTD. (4792.T) announced today that its board of directors approved the issuance of stock options (subscription rights) to its executive officers aimed at enhancing shareholder value and boosting group performance.
Under the plan, two executives will receive a total of 60 subscription rights, each entitling them to purchase 100 common shares. The exercise price per share will be determined based on the average closing price of YAMADA's ordinary shares on the Tokyo Stock Exchange in the month preceding the grant date, adjusted upwards by 5%. Should the company undergo mergers, acquisitions, or significant changes in capital structure post-grant, the exercise price will be recalculated accordingly.
The subscription rights will vest over a three-year period ending June 4, 2031, with conditions requiring recipients to remain employed by YAMADA or its affiliates during the exercise period. Any fractional shares resulting from the exercise will be rounded down to the nearest whole number. Additionally, the company retains the right to repurchase unexercised or abandoned subscription rights without compensation upon certain triggering events, such as mergers or changes in employment status of the option holders.
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