Food & Life Companies Ltd.
Notice Regarding Grant of Stock Options to Employees
Granted a total of 1,237 stock acquisition rights to employees of the company and its subsidiaries, introducing a mid- to long-term incentive program aimed at enhancing shareholder value.
Key Figures
- Total Number of Stock Acquisition Rights: 1,237 units
- Eligible Participants: Directors unspecified, Executive Officers unspecified, 1,017 employees
- Exercise Price: 7,637 yen
- Exercise Period: 2027-12-24 to 2035-12-23
AI要約
Details of Stock Options
As the 29th issuance of stock acquisition rights by FOOD & LIFE COMPANIES Inc., a total of 1,237 units will be allocated: 378 units to 219 employees of the company, and 859 units to 798 employees of subsidiaries. Each stock acquisition right corresponds to 100 shares, with an exercise price of 7,637 yen. The exercise period is from December 24, 2027, to December 23, 2035. Exercise conditions include prohibition of exercise upon loss of position as a director, auditor, executive officer, or employee of the group (except for justifiable reasons), death, commencement of bankruptcy proceedings, fraudulent acts, etc. Transfer requires board approval. Stock acquisition right certificates will not be issued.
Purpose and Expected Effects of the Program
This stock option program is a mid- to long-term incentive designed to align the interests of employees of the company and its subsidiaries with performance and stock price, aiming for sustainable corporate value enhancement. It promotes value sharing between employees above a certain internal grade and shareholders, encouraging business execution conscious of shareholder value. This is expected to improve employee motivation and increase corporate value.
