Shin-Etsu Polymer Co.,Ltd.
Shin-Etsu Polymer Co., Ltd. Notice on the Allocation of Stock Options (Stock Acquisition Rights) to Directors
Issuing stock acquisition rights (total of 1,500 units, 100 shares per unit) to Directors to reward performance contributions. Allocation date: September 10, 2026. Exercise period: from September 11, 2028 to March 31, 2032. Exercise price is adjusted in line with the share price on the allocation date via a trailing amount, with provisions for adjustments in the event of stock splits, mergers, etc.
Key Figures
- Total number of stock acquisition rights offering: 1,500 units
- Shares granted: 100 shares / right
- Allocation date: September 10, 2026
- Exercise period: September 11, 2028 – March 31, 2032
- Basis for determining exercise price: average closing price × 1.025 or the higher closing price
AI要約
Outline of stock acquisition rights allocation
Based on a board resolution, Shin-Etsu Polymer will allocate a total of 1,500 stock acquisition rights to three directors. Each right entitles the holder to acquire 100 common shares, with adjustment provisions for stock splits and consolidations. Allocation date is September 10, 2026, with payment on the same day. Exercise period is from September 11, 2028 to March 31, 2032.
Exercise price, conditions, and consideration
The exercise price is the higher of either the average closing price on the allocation date or the closing price multiplied by 1.025. An adjustment formula based on fair value will be applied, detailing adjustments for stock splits/consolidations and adjustments when market value declines. The payment amount is calculated using the Black-Scholes model.
Shin-Etsu Polymer Co.,Ltd.
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