NIPPON PARKING DEVELOPMENT Co.,Ltd.
Notice Regarding the Issuance of Stock Options (Stock Acquisition Rights)
Stock options up to 17,400 units, targeting directors, employees, and inbound assignees, as well as officers and employees of subsidiaries. Exercise period from two years after grant date to October 31, 2032. Payment amount is free of charge. Includes various adjustment provisions for stock splits and other adjustments.
Key Figures
- Total number of stock options: 17,400 units
- Paid-in amount for stock options: Free of charge
- Exercise period: from the date two years after the grant until October 31, 2032
AI要約
Grant conditions and targets for stock options
This matter subjects directors, employees and inbound assignees, as well as directors and employees of its subsidiaries, to stock option grants. Each unit entitles the right to 100 shares, with adjustment provisions applicable in the event of stock splits and consolidations. The total number of stock options is capped at 17,400 units, and grants are expected within one year from the general meeting date. The exercise period runs from the date two years after the grant until October 31, 2032.
Exercise price, adjustment provisions, and organizational changes
The exercise price is the higher of the average closing price or the closing price on the grant date multiplied by 1.05. Adjustments may occur due to stock splits, consolidations, share issuances at market value, etc. In case of corporate reorganizations, the treatment of remaining rights is specified, and rights are granted/adjusted under similar conditions for the reorganized company’s shares. Transfers are generally not permitted.
Japan Parking Development Co., Ltd.
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