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Share Issuance and Disposal6209NPR-RIKEN CORPORATIONMachinery

Notice Regarding the Standardization of Exercise Conditions for Stock Options (Share Acquisition Rights)

The conditions governing the exercise period for existing stock options have been changed. The previously differing conditions for the RIKEN CORPORATION and Nippon Piston Ring Co., Ltd. stock options have been standardized, allowing them to be exercised on or after the day following the date on which the holder ceases to hold the position of director, executive officer or senior executive managing director.

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Details of issuance or disposal

Change in the exercise conditions for stock compensation-type stock options (share acquisition rights)

Most recent equity financing
RIKEN CORPORATION stock options issued on 25 June 2014, RIKEN CORPORATION stock options issued on 23 June 2015, RIKEN CORPORATION stock options issued on 24 June 2016, RIKEN CORPORATION stock options issued on 22 June 2017, Nippon Piston Ring Co., Ltd. stock options issued on 27 June 2008, Nippon Piston Ring Co., Ltd. stock options issued on 27 June 2013, Nippon Piston Ring Co., Ltd. stock options issued on 27 June 2014, Nippon Piston Ring Co., Ltd. stock options issued on 25 June 2015, Nippon Piston Ring Co., Ltd. stock options issued on 29 June 2016, Nippon Piston Ring Co., Ltd. stock options issued on 29 June 2017, Nippon Piston Ring Co., Ltd. stock options issued on 27 June 2018, Nippon Piston Ring Co., Ltd. stock options issued on 26 June 2019
Details of issuance or disposal
ItemDetails
Type of issuance or disposalChange in the exercise conditions for stock compensation-type stock options (share acquisition rights)
Most recent equity financingRIKEN CORPORATION stock options issued on 25 June 2014, RIKEN CORPORATION stock options issued on 23 June 2015, RIKEN CORPORATION stock options issued on 24 June 2016, RIKEN CORPORATION stock options issued on 22 June 2017, Nippon Piston Ring Co., Ltd. stock options issued on 27 June 2008, Nippon Piston Ring Co., Ltd. stock options issued on 27 June 2013, Nippon Piston Ring Co., Ltd. stock options issued on 27 June 2014, Nippon Piston Ring Co., Ltd. stock options issued on 25 June 2015, Nippon Piston Ring Co., Ltd. stock options issued on 29 June 2016, Nippon Piston Ring Co., Ltd. stock options issued on 29 June 2017, Nippon Piston Ring Co., Ltd. stock options issued on 27 June 2018, Nippon Piston Ring Co., Ltd. stock options issued on 26 June 2019
Items this document does not state (26)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor 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.

Ahead of the full integration scheduled for April 2026, the exercise conditions for the RIKEN CORPORATION and Nippon Piston Ring Co., Ltd. stock options will be standardized so that they are administered in line with the new structure following the full integration.

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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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Standardization of Exercise Conditions for Stock Options (Share Acquisition Rights) | NPR-RIKEN CORPORATION (6209) timely disclosure | Komori