Tokai Tokyo Financial : Determination of Details of Issuance of Stock Acquisition Rights as Stock Options
September 06, 2019 at 02:22 pm IST
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5-1, NIHONBASHI 2-CHOME,CHUO-KU, TOKYO 103-6130 JAPAN
Note: This English translation is for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
We assume no responsibility for this translation or for direct, indirect or any other form of damage arising from the translation.
(TSE, NSE: 8616) September 6, 2019
Determination of Details of Issuance of Stock Acquisition Rights
as Stock Options
We, Tokai Tokyo Financial Holdings, Inc., (hereinafter "the Company") announce that we finalized today the details of the issuance of the stock acquisition rights as stock options, in accordance with the resolution of the Board of Directors meeting held on August 26, 2019, as follows.
1. The final allocation regarding the parties and the number of the rights to be allocated to respective group of the parties:
Executive Directors of the Company
2
39 rights
Employees of the Company
252
1,178 rights
Executive Directors of the Company's Subsidiaries
22
142 rights
Employees of the Company's Subsidiaries
1
4 rights
Total
277
1,363 rights
Note: The above allocation has been partially changed from the figures announced on August 26, 2019, but the total has not been changed.
Number of shares to be issued upon exercise of the stock acquisition rights:
1,363,000 shares of common stock of the Company
(The number of shares to be issued upon exercise of each of the stock acquisition rights (i.e. "number of shares granted") shall be one thousand (1,000) shares of common stock of the Company.)
Offered unit value to be contributed into the Company's capital upon exercise of the stock acquisition
rights: ¥305,000 per unit of stock acquisition rights
(¥305 per share)
4. Total number of stock acquisition rights to be granted: 1,363 rights
Reference
1.
The date of the meeting of the Board of Directors of the Company in which the
May 20, 2019
resolution was adopted to submit the proposal regarding the issuance of stock
acquisition rights for approval to the Regular General Meeting of Shareholders:
2.
The date of the Regular General Meeting of Shareholders in which the
June 26, 2019
proposed issuance of stock acquisition rights was approved:
3.
The date of the meeting of the Board of Directors of the Company that
August 26, 2019
determined the operating outline of the issuance of stock acquisition rights:
4.
The date of the stock acquisition right allocation with the relevant final details
September 6, 2019
fixed:
(end)
Contact: +81-(0)3-3517-8618, Corporate Communications, Tokai Tokyo Financial Holdings, Inc.
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Tokai Tokyo Financial Holdings Inc. published this content on 06 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2019 08:51:08 UTC
Tokai Tokyo Financial Holdings Inc is a Japan-based company primarily engaged in investment and financial service business. The Company is engaged in the purchase and sale of securities, the brokerage of securities, the underwriting, sale, public offering and private offering of securities, as well as other financial product transaction businesses and financial product-related businesses. The Company is also engaged in the provision of financing and fund management services for clients in overseas markets, including Asian, American and European financial markets.