Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
10700
Shares (107 stock acquisition rights, 100 shares per right)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock compensation-type stock options for directors (The Hyakugo Bank, Ltd. Series 16 Stock Compensation-Type Stock Acquisition Rights)
Who receives how much
107 stock acquisition rights, 100 common shares per right, maximum of 10,700 shares
6 directors of the Bank, excluding outside directors: 107 stock acquisition rights
The lower thin line represents the existing number of shares to which these shares will be added.
The payment amount per stock acquisition right will be the fair value calculated using the Black-Scholes model on the allotment date.
Terms of the stock acquisition rights
Exercise price
¥1 per share. Amendment provisions are Not disclosed (stated as a fixed amount).
Exercise period
From 31 July 2026 to 30 July 2056 (if the final day is a non-business day, the preceding business day)
Number of Stock Acquisition Rights
Total issuance of 107 stock acquisition rights. The number of unexercised rights is Not disclosed.
Reason for acquisition without consideration
If the rights become unexercisable before exercise, or if a proposal concerning a merger in which the Bank is the disappearing company or a transaction resulting in the Bank becoming a wholly owned subsidiary is approved, the Bank may acquire the unexercised stock acquisition rights without consideration.
Categories and Number of Persons Covered
6 directors of the Bank, excluding outside directors: 107 stock acquisition rights
Basis for determining the amount to be paid
The fair value calculated using the Black-Scholes model on the allotment date. The issuance does not constitute an issue at a favorable price. The periods used for the reference closing price and average share price, and the discount and premium rates, are Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock compensation-type stock options for directors (The Hyakugo Bank, Ltd. Series 16 Stock Compensation-Type Stock Acquisition Rights) |
| Number of shares to be issued or disposed of | 107 stock acquisition rights, 100 common shares per right, maximum of 10,700 shares |
| Issue price and disposal price | The payment amount per stock acquisition right will be the fair value calculated using the Black-Scholes model on the allotment date. |
| Intended allottee | 6 directors of the Bank, excluding outside directors: 107 stock acquisition rights |
| Basis for determining the amount to be paid | The fair value calculated using the Black-Scholes model on the allotment date. The issuance does not constitute an issue at a favorable price. The periods used for the reference closing price and average share price, and the discount and premium rates, are Not disclosed. |
| Exercise price | ¥1 per share. Amendment provisions are Not disclosed (stated as a fixed amount). |
| Exercise period | From 31 July 2026 to 30 July 2056 (if the final day is a non-business day, the preceding business day) |
| Number of Stock Acquisition Rights | Total issuance of 107 stock acquisition rights. The number of unexercised rights is Not disclosed. |
| Reason for acquisition without consideration | If the rights become unexercisable before exercise, or if a proposal concerning a merger in which the Bank is the disappearing company or a transaction resulting in the Bank becoming a wholly owned subsidiary is approved, the Bank may acquire the unexercised stock acquisition rights without consideration. |
| Categories and Number of Persons Covered | 6 directors of the Bank, excluding outside directors: 107 stock 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.To strengthen the linkage between directors’ compensation and the share price, share the benefits and risks of share-price fluctuations with shareholders, and increase directors’ motivation and morale to enhance corporate value and raise the share price over the medium to long term.
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.