TDK : Determination of details regarding the specific terms of Stock Acquisition Rights as Stock Options for a Stock-Linked Compensation Plan
July 07, 2019 at 07:58 pm EDT
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July 8, 2019
TDK Corporation (the 'Company') has announced the determination of the details regarding the specific terms of stock acquisition rights as stock options for a stock-linked compensation plan for Directors (excluding Outside Directors). The specific terms of these stock acquisition rights were resolved by a resolution of the Company's Board of Directors on June 19, 2019.
Total number of stock acquisition rights
32
The number of shares to be allotted to each stock acquisition right is 100 shares.
Number of stock acquisition rights allotted and number of eligible persons
32 stock acquisition rights will be allotted to 1 Director.
Amount to be paid for stock acquisition rights
¥780,000 for each stock acquisition right
¥7,800 for each share
Class and number of shares subject to the stock acquisition rights
3,200 shares of the Company's common stock
Amount of assets to be invested when exercising stock acquisition rights
¥100 for each stock acquisition right
¥1 for each share
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TDK Corporation published this content on 08 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2019 23:57:10 UTC
TDK Corporation specialises in the design, manufacture and sales of electronic products and recording equipment. Net sales break down by family product as follows:
- rechargeable batteries and energy converters (46.9%);
- electronic equipment and components (33.1%): ceramic capacitors, ferrites, magnets, inductors, high-frequency components, transformers, converters, thermistors, etc.;
- recording equipment (13.5%): recording appliances (notably magnetic heads for hard disks, heads for disk drives and thermal printer heads), recording equipment (audio and video cassettes, optical disks, computer data storage tapes, PC cards, etc.);
- other (3.5%): rechargeable batteries, memory cards, displays and mechatronic equipment.
Net sales break down geographically as follows: Japan (8%), China (56.8%), Asia (18.7%), Europe (10%) and Americas (6.5%).
TDK CORPORATION 
