Worth reading
39Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
100000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of share acquisition rights as stock options (TECMIRA HOLDINGS INC. 29th Series Share Acquisition Rights)
Who receives how much
100,000 common shares (1,000 stock acquisition rights, 100 shares per right)
The Company's directors1 / 10,000 shares (100 stock acquisition rights)
Employees of the Company’s subsidiaries12 / 90,000 shares (900 share acquisition rights)
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
No monetary payment is required for each share acquisition right.
Terms of the stock acquisition rights
Exercise price
Per share, the higher of the average closing price for the month preceding the month containing the allotment date or the closing price on the allotment date. Adjustment provisions apply in the event of a share split, reverse share split or certain new share issuances. The mechanism ensures that the exercise price will not be lower than the closing price on the allotment date. The specific amount is Not disclosed.
Exercise period
Start Date 1 July 2030 / End date 29 June 2033
Number of Stock Acquisition Rights
Total number issued 1,000 rights / Number of unexercised units Not disclosed
Reason for acquisition without consideration
If approval is given at a shareholders meeting or a resolution is adopted by the Board of Directors regarding a merger agreement under which the Company becomes the disappearing company, a demerger agreement or demerger plan under which the Company becomes the demerged company, or a share exchange agreement, share delivery plan or share transfer plan under which the Company becomes a wholly owned subsidiary, If, before exercising the rights, a holder of the share acquisition rights becomes unable to exercise these share acquisition rights under the exercise conditions
Categories and Number of Persons Covered
Category The Company's directors / Number of Employees 1 / Number of allocated shares 10,000 shares (100 stock acquisition rights), Category Employees of the Company’s subsidiaries / Number of Employees 12 / Number of allocated shares 90,000 shares (900 share acquisition rights)
Basis for determining the amount to be paid
The exercise price will be the average closing price of the Company's common shares on the Tokyo Stock Exchange on each trading day in the month preceding the month containing the allotment date. If this amount is below the closing price on the allotment date, the closing price on the allotment date will apply. The specific share price and discount/premium rates are Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share acquisition rights as stock options (TECMIRA HOLDINGS INC. 29th Series Share Acquisition Rights) |
| Number of shares to be issued or disposed of | 100,000 common shares (1,000 stock acquisition rights, 100 shares per right) |
| Issue price and disposal price | No monetary payment is required for each share acquisition right. |
| Intended allottee | Name The Company's directors / Number of Employees 1 / Number of Shares 10,000 shares (100 stock acquisition rights), Name Employees of the Company’s subsidiaries / Number of Employees 12 / Number of Shares 90,000 shares (900 share acquisition rights) |
| Basis for determining the amount to be paid | The exercise price will be the average closing price of the Company's common shares on the Tokyo Stock Exchange on each trading day in the month preceding the month containing the allotment date. If this amount is below the closing price on the allotment date, the closing price on the allotment date will apply. The specific share price and discount/premium rates are Not disclosed. |
| Exercise price | Per share, the higher of the average closing price for the month preceding the month containing the allotment date or the closing price on the allotment date. Adjustment provisions apply in the event of a share split, reverse share split or certain new share issuances. The mechanism ensures that the exercise price will not be lower than the closing price on the allotment date. The specific amount is Not disclosed. |
| Exercise period | Start Date 1 July 2030 / End date 29 June 2033 |
| Number of Stock Acquisition Rights | Total number issued 1,000 rights / Number of unexercised units Not disclosed |
| Reason for acquisition without consideration | If approval is given at a shareholders meeting or a resolution is adopted by the Board of Directors regarding a merger agreement under which the Company becomes the disappearing company, a demerger agreement or demerger plan under which the Company becomes the demerged company, or a share exchange agreement, share delivery plan or share transfer plan under which the Company becomes a wholly owned subsidiary, If, before exercising the rights, a holder of the share acquisition rights becomes unable to exercise these share acquisition rights under the exercise conditions |
| Categories and Number of Persons Covered | Category The Company's directors / Number of Employees 1 / Number of allocated shares 10,000 shares (100 stock acquisition rights), Category Employees of the Company’s subsidiaries / Number of Employees 12 / Number of allocated shares 90,000 shares (900 share acquisition rights) |
Items this document does not state (18)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.For the director, to increase motivation and morale to contribute to improving performance and corporate value over the medium to long term, and to promote the sharing of value with shareholders. For employees of the subsidiaries, to provide incentives to increase awareness of management focused on improving the Group's performance, increasing corporate value and prioritizing shareholders.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.