SB Technology Corp.
At the board of directors meeting held on June 20, 2022, based on the provisions of Articles 236, 238, and 240 of the Companies Act, the Company announced that the executive directors and employees of the Company would be granted stock acquisition rights as follows. We would like to inform you that we have decided to publish the following.
Record
1. Reasons for issuing stock acquisition rights
Our company has adopted a management policy of ``growing significantly,'' and has been promoting our business with the aim of increasing corporate value and realizing a sustainable society. By granting stock acquisition rights to our executive directors and employees, we will further increase their motivation and morale to contribute to improving consolidated business results, and share the interests of stock price fluctuations with our shareholders. .
2. Guidelines for issuance of stock acquisition rights
(1) Persons to whom stock acquisition rights will be allotted and number of stock acquisition rights to be allotted
547 pieces for 12 directors and employees of our company
Please note that the number of eligible persons listed above is the planned number at the time of publication of this notice and is subject to change. Furthermore, the above number of allotted stock acquisition rights indicates the upper limit of the number of stock acquisition rights to be issued, and may decrease depending on the number of applications, etc.
(2) Type and number of shares subject to stock acquisition rights
The type of stock for which the Stock Acquisition Rights (referring to the Stock Acquisition Rights issued based on the Issuance Guidelines; the same shall apply hereinafter) shall be the Company's common stock, and the number thereof (hereinafter referred to as the "Number of Target Shares") shall be , 100 shares (the total number of shares subject to the Stock Acquisition Rights shall initially be 54,700 shares).
In addition, if the Company conducts a stock split or stock consolidation after the date of allotment of stock acquisition rights, the number of applicable shares shall be adjusted using the following formula. However, such adjustment shall be made only for the number of eligible shares of the Stock Acquisition Rights that have not been exercised at the time. If the adjustment results in a fraction less than one share, it shall be rounded down.
In addition, if the Company issues shares or disposes of treasury stock at a price lower than the market value (excluding public capital increases conducted as market price issues and issuance of shares upon exercise of stock acquisition rights), the Company may In the event of an exchange or stock transfer (hereinafter collectively referred to as a "merger, etc."), a gratis allotment of shares, or other cases in which it is appropriate to adjust the number of eligible shares, the Company will do so within a reasonable range. The number of eligible shares may be adjusted.
(3) Total number of stock acquisition rights to be issued
547 pieces
However, if any of the scheduled allottees mentioned in (1) above have lost their positions as directors or employees of the Company on the date of allotment of stock acquisition rights, or the total number of applications for the number of scheduled allotments does not reach the total number above. If so, the total number of Stock Acquisition Rights to be issued shall be the total number of applications.
(4) Amount to be paid in exchange for stock acquisition rights
No payment of money shall be required. Please note that the fact that stock acquisition rights are granted as incentive compensation and does not require payment of money does not constitute advantageous issuance.
(5) Value or calculation method of assets to be invested upon exercise of stock acquisition rights
The purpose of the contribution made upon the exercise of the Stock Acquisition Rights is cash, and the amount invested per Stock Acquisition Right upon the exercise of the Stock Acquisition Rights shall be the price per share determined by the following (hereinafter referred to as "Exercise Rights"). The amount calculated by multiplying the number of eligible shares by the number of shares.
The exercise price shall be the average closing price of the Company's common stock on the Tokyo Stock Exchange on each day of the month preceding the month in which the stock acquisition rights are allotted (excluding days on which no transactions are completed), and shall be less than 1 yen. Round up the fraction. However, if the amount is lower than the closing price of ordinary trading of the Company's common stock on Tokyo Stock Exchange on the day of allotment of the Stock Acquisition Rights (if there is no trading on that day, the closing price of the immediately preceding day), the latter price shall apply. .
If the Company's shares are split or reversed after the date of allotment of the Stock Acquisition Rights, the exercise price will be adjusted using the following formula, and any fractions less than 1 yen resulting from the adjustment will be rounded up.
In addition, if the Company issues shares or disposes of treasury stock at a price lower than the market price after the date of allotment of the Stock Acquisition Rights (excluding capital increase through public offering as market price issue and issuance of shares upon exercise of Stock Acquisition Rights), , the exercise price will be adjusted using the following formula, and any fractions less than 1 yen resulting from the adjustment will be rounded up.
In addition, the "number of issued shares" is the number obtained by subtracting the number of treasury shares held by the company from the total number of issued shares of the company, and in the case of disposal of treasury shares, the "number of newly issued shares" in the following formula. shall be read as "Number of treasury shares disposed of," and "Number of increased shares due to new issuance" shall be read as "Number of shares disposed of."
In addition, if the Company conducts a merger, etc. after the allotment date of the Stock Acquisition Rights, if the Company conducts a gratis allotment of shares, or in other cases where it is appropriate to adjust the exercise price, the Company shall exercise the Stock Acquisition Rights within a reasonable range. Prices may be adjusted.
(6) Allotment date of stock acquisition rights
July 5, 2022
(7) Matters regarding stock acquisition rights certificates related to stock acquisition rights
The Company will not issue stock acquisition rights certificates related to the stock acquisition rights.
(8) Matters regarding increased capital and capital reserves when issuing shares upon exercise of stock acquisition rights
The amount of increase in capital when issuing shares due to the exercise of stock acquisition rights shall be one-half of the maximum increase in capital, etc. calculated in accordance with Article 17, Paragraph 1 of the Corporate Accounting Regulations. If the result is a fraction less than 1 yen, round it up. The remaining amount shall be included in capital reserves.
(9) Period during which stock acquisition rights can be exercised
The period during which the Stock Acquisition Rights can be exercised (hereinafter referred to as the "Exercise Period") is from July 1, 2025 to June 30, 2028.
(10) Conditions for exercising stock acquisition rights
① The number of Stock Acquisition Rights that can be exercised by Holders of Stock Acquisition Rights who are initially allotted a total of 6,000 shares or more at the times set forth in A to C below shall be in accordance with the relevant regulations. The number shall be limited to the specified number. However, if there is a fraction less than one in the number of exercisable Stock Acquisition Rights, this number shall be rounded down.
② The number of Stock Acquisition Rights that can be exercised by Holders of Stock Acquisition Rights whose total number of shares originally allotted is 3,000 or more and less than 6,000 shares at the times listed in A and B below is: The number shall be limited to the number specified in the said regulations. However, if there is a fraction less than one in the number of exercisable Stock Acquisition Rights, this number shall be rounded down.
③ If the holder of the Stock Acquisition Rights loses his/her status as a director, employee, or equivalent position of the Company or its subsidiary (hereinafter collectively referred to as "Eligibility to Exercise Rights") at the time of exercising the Rights, Unexercised Stock Acquisition Rights shall no longer be exercised.
④ Notwithstanding the provisions of ③ above, if the holder of Stock Acquisition Rights loses the right to exercise his/her rights due to retirement due to circumstances of the Company or a subsidiary of the Company, the Company shall, in consideration of various circumstances, holder of Stock Acquisition Rights. If the exercise of Stock Acquisition Rights is approved in writing by The Stock Acquisition Rights that could have been exercised had they not lost their right to exercise may only be exercised.
⑤ Notwithstanding the provisions of ③ and ④ above, in the event that the Stock Acquisition Rights Holder loses the eligibility to exercise his/her rights (excluding cases due to the death of the Stock Acquisition Rights Holder), the Company shall, taking into consideration various circumstances, , if the exercise of the Stock Acquisition Rights by such Stock Acquisition Rights Holder is approved in writing, the Stock Acquisition Rights Holder shall exercise the Stock Acquisition Rights that he or she would have been able to exercise had he or she not lost the right to exercise the Stock Acquisition Rights. can do.
⑥ Notwithstanding the provisions of ③ above, if the Holder of Stock Acquisition Rights dies, the heir of the Holder of Stock Acquisition Rights shall be entitled to the date on which one year has elapsed from the date of death of the Holder of Stock Acquisition Rights and the expiration date of the exercise period. The Stock Acquisition Rights Holders may exercise the Stock Acquisition Rights that they would have been able to exercise had they been alive only until whichever date is earlier.
⑦ Notwithstanding the provisions of ③ and ⑥ above, if the holder of the Stock Acquisition Rights dies and an heir is determined within 10 months after death, the Company will take into consideration the circumstances surrounding the transfer of the Stock If the exercise of the Stock Acquisition Rights by the heir of the Stock Acquisition Rights Holder is approved in writing, the heir of the Stock Acquisition Rights Holder shall be able to exercise the Stock Acquisition Rights that would have been possible had the Stock Acquisition Rights Holder been alive. Stock acquisition rights can be exercised.
⑧ Except for the cases stipulated in ⑥ and ⑦ above, the Stock Acquisition Rights will not be inherited by inheritance. Furthermore, in the event that the heir of the Stock Acquisition Rights Holder dies, reinheritance of the Stock Acquisition Rights will not be permitted.
⑨ The Holder of Stock Acquisition Rights shall, when exercising the Stock Acquisition Rights, cause the total number of issued shares of the Company to exceed the total number of authorized shares of the Company at that time, or If the total number of class shares exceeds the total number of class shares available for issuance of the Company's common stock at the time, the Stock Acquisition Rights may not be exercised.
⑩ Holders of Stock Acquisition Rights may not exercise less than one Stock Acquisition Right.
(11) Matters regarding acquisition of stock acquisition rights
① Proposals for approval of a merger agreement in which the Company becomes a dissolving company, proposals for approval of an absorption-type company split agreement or incorporation-type company split plan in which the Company becomes a splitting company, or approval of a stock exchange agreement or stock transfer plan in which the Company becomes a wholly owned subsidiary. When the proposal is approved at the Company's general meeting of shareholders (if approval by the Company's general meeting of shareholders is not required, when the Company's Board of Directors has passed a resolution), the Company shall issue the Stock Acquisition Rights on a date separately determined by the Company's Board of Directors. can be obtained free of charge.
② If the holder of Stock Acquisition Rights is unable to exercise all or part of the Stock Acquisition Rights pursuant to the provisions of (10) above, the Company shall exercise the Stock Acquisition Rights in whole or in part on a date separately determined by the Board of Directors of the Company. It can be obtained free of charge.
③ If the Company's general meeting of shareholders approves the Company's acquisition of all class shares with all acquisition provisions pursuant to Article 171, Paragraph 1 of the Companies Act, the Company shall, upon the arrival of the date separately determined by the Company's Board of Directors, The Stock Acquisition Rights can be acquired free of charge.
④ Consolidation of shares for the class of shares that is the object of the Stock Acquisition Rights (limited to cases where a fraction less than 1 occurs in the number obtained by multiplying the number of shares per share unit by the share consolidation ratio). If approved at the Company's general meeting of shareholders, the Company may acquire the Stock Acquisition Rights free of charge on the arrival of the date separately determined by the Company's Board of Directors.
⑤ If the special controlling shareholder's demand for the sale of shares is approved by the Company's Board of Directors, the Company may acquire the Stock Acquisition Rights free of charge on the arrival of the date separately determined by the Company's Board of Directors.
(12) Restrictions on acquisition of stock acquisition rights through transfer
Transfer of the Stock Acquisition Rights requires approval by resolution of the Company's Board of Directors.
(13) Handling of stock acquisition rights in the event of organizational restructuring
In the event that the Company conducts a merger (limited to cases in which the Company ceases to exist as a result of the merger), absorption-type company split, incorporation-type company split, stock exchange, or stock transfer (hereinafter collectively referred to as "organizational restructuring actions"), the organization On the effective date of the Restructuring Act, the Stock Acquisition Rights Holders will, in each case, be a stock company listed in Article 236, Paragraph 1, Item 8, A to E of the Companies Act (hereinafter referred to as the "Reorganized Company"). Stock acquisition rights will be delivered based on the following conditions. However, this is limited to cases where the absorption-type merger agreement, incorporation-type merger agreement, absorption-type split agreement, incorporation-type split plan, stock exchange agreement, or stock transfer plan stipulates that the stock acquisition rights of the reorganized company will be delivered in accordance with the following conditions: shall be taken as a thing.
① Number of stock acquisition rights of the reorganized company to be issued
The same number of stock acquisition rights as the remaining stock acquisition rights held by the Stock Acquisition Rights Holders will be delivered.
② Type of stock of the reorganized company that is the purpose of stock acquisition rights
Common stock of the reorganized company.
③ Number of shares of the reorganized company that is the purpose of the stock acquisition rights
The decision will be made in accordance with (2) above, taking into account the conditions of the reorganization action.
④ Value of assets to be invested upon exercise of stock acquisition rights
The decision will be made in accordance with (5) above, taking into account the conditions of the reorganization act.
⑤ Period during which stock acquisition rights can be exercised
The term shall be from the later of the first day of the exercise period specified in (9) above or the effective date of the reorganization act until the expiration date of the exercise period specified in (9) above.
⑥ Matters regarding increased capital and capital reserves when issuing shares upon exercise of stock acquisition rights
The decision will be made in accordance with (8) above.
⑦ Restrictions on acquisition of stock acquisition rights by transfer
Restrictions on acquisition by transfer shall require the approval of the reorganized company.
⑧ Other conditions for exercising stock acquisition rights
The decision will be made in accordance with the conditions set forth in (10) above.
⑨ Matters regarding acquisition of stock acquisition rights
The decision will be made in accordance with (11) above.
⑩ Other conditions will be determined in accordance with the conditions of the reorganized company.
(14) Application deadline
July 1, 2022
■ You can download the PDF of this release from below.
Click here for the PDF of this release
Contact information for inquiries from media regarding this matter
○ SB Technology Corp. Corporate Planning Division Corporate Planning Department
Email: sbt-ir@tech.softbank.co.jp
