Toukei Computer Co., Ltd.
Notice Regarding Stock Options (Share Subscription Rights) for Directors and Employees
220,000 share subscription rights (equivalent to 1.2% of total outstanding shares) to be allocated free of charge. Allocation date is April 1, 2026, with an exercise price floor of 2,091 JPY.
Key Figures
- Number of shares underlying share subscription rights: 220,000 shares (1.2% of total outstanding shares of 18,700,000 shares)
- Number of share subscription rights: 2,200 units (100 shares per unit)
- Allocation date of share subscription rights: April 1, 2026
AI要約
Overview of Stock Option Issuance
Tokei Densan Co., Ltd. plans to allocate 220,000 share subscription rights (equivalent to 1.2% of total outstanding shares) free of charge, aiming to enhance directors’ and employees’ motivation towards performance improvement and to attract and retain talented personnel. The allocation date is April 1, 2026. There are 2,200 subscription rights, each granting 100 shares. The exercise price will be based on the Tokyo Stock Exchange closing price on the allocation date, with a floor price of 2,091 JPY. The exercise period will be decided by board resolution and will be within eight years from the allocation date.
Impact on Shareholders and Conditions
The dilution rate due to this allocation is considered minimal at 1.2%. Transfer of share subscription rights requires board approval, and holders must remain directors or employees of the Company after allocation to exercise the rights. Loss and restriction of exercise rights are stipulated upon resignation or demotion. Detailed provisions are also set regarding acquisition events of the share subscription rights and adjustments of the exercise price.
