T Hasegawa : Notice Concerning Determination of Certain Details Relating to the Issuance of Remuneration-type Stock Options (Stock Acquisition Rights)
January 14, 2022 at 03:02 am EST
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This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
January 14, 2022
To whom it may concern:
Company name: T. HASEGAWA CO., LTD. Stock exchange listing: Tokyo Stock code: 4958 URL https://www.t-hasegawa.co.jp/
Representative: President & CEO Takao Umino
Inquiries: Director & Senior Executive Vice President Minoru Nakamura TEL: 03-3241-1151
Notice Concerning Determination of Certain Details Relating to the Issuance of
T. HASEGAWA CO., LTD. (the "Company") today announces the details of outstanding items determined in connection with the issuance of Stock Acquisition Rights as Remuneration-type Stock Options, for which a resolution was passed at a Board of Directors' meeting held on December 22, 2021. The details are as follows.
1.Party subject allocation and number of allocated stock acquisition rights
299 units to 5 Directors (excluding Outside Directors) of T. HASEGAWA CO., LTD.
2.Total number of stock acquisition rights
299 units (the number of shares subject to each stock acquisition right shall be 100 shares of common stock)
3.The amount to be paid in for stock acquisition rights
221,600 yen for each stock acquisition right (2,216 yen for each share)
The aforementioned amount was calculated in accordance with the Black-Scholes Model on the date of allocation of the relevant stock acquisition rights. However, the payment obligations of the party subject to allocation based on the paid-in amount in question will be set off against the remuneration receivables (the amount of remuneration is identical to the payment receivable amount) held towards the Company that are granted to the party subject to allocation on the date of allocation of the stock acquisition right on the condition that said stock acquisition right are subscribed to.
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T.Hasegawa Co. Ltd. published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 08:01:08 UTC.
T.HASEGAWA CO.,LTD. is a Japan-based company engaged in the manufacture and sale of flavors and fragrances products. The Company operates through three Geographic segments. The Japan segment includes fragrances business and food business. The fragrance division is engaged in the manufacture of cosmetic aroma, cosmetic products and compound perfume used in fragrance products, cosmetics, lip sticks and hair tonic, toiletry products, as well as household products. The food division is engaged in the manufacture and sale of essence, food oil flavors, food powder flavors, seasonings, processed fruits and natural pigments used in beverages, confectionery, frozen desserts, desserts and instant noodle soups. The American segment is engaged in the manufacture and sale of oily flavors for foods, processed food materials, natural pigments and processed fruit products. The Asia segment is engaged in manufacture and sale of flavors, food additives, as well as the import and export of products.