Shin-Etsu Polymer Co.,Ltd.
Notice on the Allocation of Stock Acquisition Rights (Stock Options) to Executives and Employees
Resolved the募集 for stock acquisition rights (39th issuance) for executives and employees. Total 3,400 rights, with 100 shares per right. Allocation date: September 10, 2026; exercise period from September 11, 2028 to March 31, 2032; detailed provisions for the calculation of exercise price and adjustment conditions.
Key Figures
- Total number of stock acquisition rights offering: 3,400 units
- Shares granted: 100 shares/ stock acquisition rights
- Allocation date: September 10, 2026
- Exercise period: September 11, 2028 to March 31, 2032
- Allocation recipients: Executives 6 people total 1,650 units, Employees 32 people total 1,750 units
AI要約
Overview
Shin-Etsu Polymer resolved the募集 for stock acquisition rights (39th issuance) for executives and employees. Total 3,400 rights, with 100 shares per right granted, including adjustment provisions for stock splits, etc. Allocation date is September 10, 2026, and the post-allocation exercise period is from September 11, 2028 to March 31, 2032. The exercise price and adjustment method are defined by a complex formula, incorporating equity dilution management and market price linkage design.
Conditions and Impact
The exercise price is the higher of the average fair value before allocation or the closing price on the allocation date, multiplied by 1.025. Multiple adjustment provisions are in place for stock splits/ consolidations, declines in market price, and other factors. The agreement includes complex terms such as transfer restrictions, acquisition provisions, treatment in corporate reorganizations, and inheritance of rights by heirs, forming a long-term incentive structure.
Shin-Etsu Polymer Co.,Ltd.
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