Zenken Corporation
Notice Regarding Issuance of Stock Options (Share Acquisition Rights)
The board resolved to grant stock options to employees free of charge. The number of options is 1,710 as planned, exercise price is 803 yen, number of shares per option is 100 shares, and the exercise period is September 30, 2028 to September 29, 2036. Vesting is subject to achievement of operating income targets, and exercise ratios are determined in stages based on multiple conditions.
Key Figures
- Number of share acquisition rights: 1,710 pieces
- Number of shares granted: 171,000 shares
- Exercise price: 803 yen
AI要約
Overview of Issuance of Share Acquisition Rights
Zenken Corporation will issue free share acquisition rights to employees to incentivize performance improvement and increase corporate value. The total number of rights is 1,710, with 100 shares granted per right and an exercise price of 803 yen. Provisions cover adjustments for stock splits and consolidations, transfer restrictions, and the exercise period is set from September 30, 2028 to September 29, 2036.
Exercise Conditions and Treatment in Corporate Restructuring
Exercise becomes possible in stages when consolidated operating income exceeds prescribed levels, with achievement in the fiscal years ending June 2027, June 2028, and subsequent periods allowing up to 100% exercise ratios. In the event of corporate restructuring, a special provision allows granting share acquisition rights of the reorganized company, and transfer restrictions on rights are imposed.
Zenken Corporation
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