PROGRIT Inc.
Notice of Issuance of Paid Stock Options (Subscription Warrants)
The Board resolved to issue paid subscription warrants. Recipients: 1 director—150 units; 40 employees—1,680 units; total 1,830 units. Each warrant grants 100 shares. Subscription payment per warrant: 300 yen. Exercise price: 1,087 yen (the document also lists 1,085 yen or other variants in places—see PDF). Exercise period: 2029-12-01 to 2040-11-30. Exercise is subject to achievement of performance conditions. Provisions cover adjustments for stock splits/consolidations and treatment in corporate reorganizations.
Key Figures
- Total number of subscription warrants: 1,830 units
- Number of shares granted: 100 shares/1 warrant
- Subscription payment: 300 yen
- Exercise price: 1,085 yen
- Exercise period: 2029-12-01〜2040-11-30
AI要約
Overview of Issuance of Subscription Warrants
PROGRIT Inc. resolved at the Board of Directors meeting to issue paid subscription warrants. Recipients comprise 1 director receiving 150 warrants and 40 employees receiving 1,680 warrants, totaling 1,830 warrants. Each warrant entitles the holder to 100 shares. Subscription payment is 300 yen per warrant and the exercise price is 1,085 yen. The exercise period runs from December 1, 2029 to November 30, 2040. Exercise is staged based on achievement of performance targets, and provisions include adjustments for stock splits and consolidations, treatment in corporate reorganizations, and other detailed terms.
Impact on Shareholders and Capital, and Conditions
The issuance will be implemented without shareholder meeting approval, and dilution is considered to be within a reasonable range. Exercise is subject to operating income conditions based on future consolidated statements of income, with phased exercise ratios up to a maximum of 100%. The terms also specify adjustments for corporate actions such as stock splits and mergers, handling during reorganizations, and restrictions on transfer of rights.
PROGRIT Inc.
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