Kakaku com : Finalized Details on the Issuance of Stock Acquisition Rights as Compensatory Stock Options
August 03, 2017 at 04:24 am EDT
Share
For Immediate Release
(English translation from the original Japanese document)
August 3, 2017
Company name: Kakaku.com, Inc. Representative: Shonosuke Hata, President and Representative Director (Stock code: 2371; First Section of the Tokyo Stock Exchange)
Contact: Ichiro Sakuta, Senior Managing Executive Officer, General Manager of Administration Division
Phone: +81 3-5725-4554
Finalized Details on the Issuance of Stock Acquisition Rights as Compensatory Stock Options
In accordance with a resolution passed by the Board of Directors on July 19, 2017, Kakaku.com Inc. announces today that the details for compensatory stock options (10th Series of Stock Acquisition Rights) to be issued to its directors (excluding outside directors) have been finalized as follows.
Total number of stock acquisition rights to be granted: 276
Total number of stock acquisition rights and number of eligible grantees thereof:
276 acquisition rights
4 directors (except outside directors)
Amount of assets to be contributed upon exercise of the Stock Acquisition Rights JPY 131,900 per unit of the Stock Acquisition Rights (JPY 1,319 per share)
Note: The above mentioned price is the fair value, which has been calculated using the Black-Scholes model based on the share price on the issuance date of the shares subscription rights. Directors to whom stock acquisition rights have been granted need not pay the
subscription price in cash. In lieu of cash payment of the subscription price, Grantees may offset the subscription price payable against their compensation receivable from the Company.
Kakaku.com Inc. published this content on 03 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 August 2017 08:23:11 UTC.
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Kakaku.com Inc is a Japan-based company mainly engaged in the operation of purchasing support Website Kakaku.com. The Company operates through two business segments. Internet Media segment is engaged in the operation of Websites that provide price comparison service, restaurant search and reservation service, real estate information, travel information, movie information, automobile information, bus information and inheritance procedure service. The segment also develops dynamic package system, movie contents and Website production. The Finance segment is involved in the insurance agency business.