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Share Issuance and Disposal7780Menicon Co.,Ltd.Electrical Equipment and Precision Instruments

Notice Concerning the Grant of Stock Compensation-Type Stock Options (Share Acquisition Rights) to Directors of the Company's Subsidiary (Residents of Japan)

The Company resolved to grant 158 of the 36th Series of stock acquisition rights to 7 directors of its subsidiary who reside in Japan, as equity compensation-type stock options. If all rights are exercised, 15,800 shares of the Company's common stock will be delivered.

Worth reading
51Recurring
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
15800
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Issuance of stock acquisition rights as equity compensation-type stock options (36th Series of stock acquisition rights)

Who receives how much

15,800 shares of the Company's common stock (158 stock acquisition rights, each representing 100 shares)

7 directors of the Company's subsidiary who reside in JapanEquivalent to 15,800 shares

The lower thin line represents the existing number of shares to which these shares will be added.

No cash payment is required in exchange for the stock acquisition rights. The exercise price is ¥1 per share.
Amount of funds to be raised

The amount paid upon issuance of the stock acquisition rights is ¥0. The total amount payable upon exercise is ¥158,000, assuming all 158 rights are exercised. Estimated net proceeds: Not disclosed

Terms of the stock acquisition rights
Exercise price
The initial exercise price is ¥1 per share. Adjustment provisions: Not disclosed (no adjustment provisions are stated in the document)
Exercise period
Start Date 31 March 2027 / End date 30 March 2077 (if the final day is a non-business day for the Company, the preceding business day)
Number of Stock Acquisition Rights
Total issued: 158 stock acquisition rights. Number of unexercised rights remaining: Not disclosed
Reason for acquisition without consideration
If approval is granted at a shareholders meeting or a resolution is adopted by the Board of Directors regarding a merger in which the Company is the disappearing company, an absorption-type or incorporation-type company split in which the Company is the splitting company, or a share exchange or share transfer in which the Company becomes a wholly owned subsidiary, the Company may acquire the stock acquisition rights without consideration on a date separately determined by the Board of Directors.
Categories and Number of Persons Covered
7 directors of the Company's subsidiary who reside in Japan, holding 158 stock acquisition rights (equivalent to 15,800 shares)
Payment date
Not applicable (no cash payment is required upon issuance of the stock acquisition rights)
Procedures under the Corporate Code of Conduct
Approved at the Company's 69th Annual General Meeting of Shareholders. The specific terms were approved by the Board of Directors at its meeting held on 26 June 2026.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalIssuance of stock acquisition rights as equity compensation-type stock options (36th Series of stock acquisition rights)
Number of shares to be issued or disposed of15,800 shares of the Company's common stock (158 stock acquisition rights, each representing 100 shares)
Issue price and disposal priceNo cash payment is required in exchange for the stock acquisition rights. The exercise price is ¥1 per share.
Amount of funds to be raisedThe amount paid upon issuance of the stock acquisition rights is ¥0. The total amount payable upon exercise is ¥158,000, assuming all 158 rights are exercised. Estimated net proceeds: Not disclosed
Payment dateNot applicable (no cash payment is required upon issuance of the stock acquisition rights)
Intended allotteeName 7 directors of the Company's subsidiary who reside in Japan / Number of Shares Equivalent to 15,800 shares / Number of stock acquisition rights 158 stock acquisition rights
Exercise priceThe initial exercise price is ¥1 per share. Adjustment provisions: Not disclosed (no adjustment provisions are stated in the document)
Exercise periodStart Date 31 March 2027 / End date 30 March 2077 (if the final day is a non-business day for the Company, the preceding business day)
Number of Stock Acquisition RightsTotal issued: 158 stock acquisition rights. Number of unexercised rights remaining: Not disclosed
Reason for acquisition without considerationIf approval is granted at a shareholders meeting or a resolution is adopted by the Board of Directors regarding a merger in which the Company is the disappearing company, an absorption-type or incorporation-type company split in which the Company is the splitting company, or a share exchange or share transfer in which the Company becomes a wholly owned subsidiary, the Company may acquire the stock acquisition rights without consideration on a date separately determined by the Board of Directors.
Categories and Number of Persons Covered7 directors of the Company's subsidiary who reside in Japan, holding 158 stock acquisition rights (equivalent to 15,800 shares)
Procedures under the Corporate Code of ConductApproved at the Company's 69th Annual General Meeting of Shareholders. The specific terms were approved by the Board of Directors at its meeting held on 26 June 2026.
Items this document does not state (16)
Total issue valueEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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.

To enhance the willingness and morale of the recipients to contribute to improvements in the consolidated performance of the Company's group and promote management aimed at enhancing corporate value.

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Notice Concerning the Grant of Stock Compensation-Type Stock Options (Share Acquisition Rights) to Directors of the Company's Subsidiary (Residents of Japan) | Menicon Co.,Ltd. (7780) timely disclosure | Komori