Make The World
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[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
Ichigo (2337)
Additional Accounting Notes
for the Twenty-Third Annual Shareholder Meeting
- Business Report
- Employee Stock Option Details
- Controls to Ensure Appropriate Business Conduct
- Notes to the Consolidated Financial Statements
- Notes to the Parent Financial Statements
Pursuant to Japanese law and Article 14 of Ichigo's Articles of Incorporation, these Notes are posted on Ichigo's website at www.ichigo.gr.jp/en
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Employee Stock Option Details | |||
1. Stock Options Issued as Compensation for Execution of Duties by Officers | |||
15th Stock Option Plan | |||
Date of resolution | January 13, 2017 | ||
Number of stock options | 1,498,500 units1 | ||
Type and number of shares | 1,498,500 common shares (1 share per unit) | ||
Issue price | N/A | ||
Exercise price | JPY 423 per share | ||
Exercise period | January 14, 2020 - January 13, 2025 | ||
Exercise conditions2 | |||
Directors | Number of stock options: | 260,000 units | |
Number of shares: | 260,000 shares | ||
Details | (excluding Independent Directors) | ||
Number of holders: | 3 | ||
Number of stock options: | 60,000 units | ||
Holding | Independent Directors | Number of shares: | 60,000 shares |
Number of holders: | 4 | ||
Statutory Executive Officers | Number of stock options: | 231,200 units | |
(excluding those who are also | Number of shares: | 231,200 shares | |
Directors) | Number of holders: | 7 |
- Of the total stock options 551,200 units have been issued to Officers. (No units have been exercised in the fiscal year ending February 2023.)
- Exercise Conditions
- Any person who is allotted stock options is required to remain in the position of Director, Statutory Executive Officer, or employee of Ichigo, or Director, Statutory Executive Officer, Auditor or employee of Ichigo's subsidiaries and other similar positions until the rights are exercised, except for retirement due to expiration of term, mandatory retirement, and other cases approved by the Board of Directors.
- Pledges and other disposition of stock options are not permitted.
- If a person who is allotted stock options should become deceased, the heir may exercise the rights subject to the conditions provided for in the Stock Options Allotment Agreement as described in (iv).
- Other conditions are subject to the Stock Options Allotment Agreement entered into between Ichigo and recipient of stock options pursuant to the resolution of Ichigo's Board of Directors.
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16th Stock Option Plan | |||
Date of resolution | January 12, 2018 | ||
Number of stock options | 1,453,700 units1 | ||
Type and number of shares | 1,453,700 common shares (1 share per unit) | ||
Issue price | N/A | ||
Exercise price | JPY 519 per share | ||
Exercise period | January 13, 2021 - January 12, 2026 | ||
Exercise conditions2 | |||
Directors | Number of stock options: | 218,700 units | |
Number of shares: | 218,700 shares | ||
Details | (excluding Independent Directors) | ||
Number of holders: | 3 | ||
Number of stock options: | 67,500 units | ||
Holding | Independent Directors | Number of shares: | 67,500 shares |
Number of holders: | 5 | ||
Statutory Executive Officers | Number of stock options: | 228,400 units | |
(excluding those who are also | Number of shares: | 228,400 shares | |
Directors) | Number of holders: | 7 |
- Of the total stock options 514,600 units have been issued to Officers. (No units have been exercised in the fiscal year ending February 2023.)
- Exercise Conditions
- Any person who is allotted stock options is required to remain in the position of Director, Statutory Executive Officer, or employee of Ichigo, or Director, Statutory Executive Officer, Auditor or employee of Ichigo's subsidiaries and other similar positions until the rights are exercised, except for retirement due to expiration of term, mandatory retirement, and other cases approved by the Board of Directors.
- Pledges and other disposition of stock options are not permitted.
- If a person who is allotted stock options should become deceased, the heir may exercise the rights subject to the conditions provided for in the Stock Options Allotment Agreement as described in (iv).
- Other conditions are subject to the Stock Options Allotment Agreement entered into between Ichigo and recipient of stock options pursuant to the resolution of Ichigo's Board of Directors.
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17th Stock Option Plan | |||
Date of resolution | January 11, 2019 | ||
Number of stock options | 1,502,600 units1 | ||
Type and number of shares | 1,502,600 common shares (1 share per unit) | ||
Issue price | N/A | ||
Exercise price | JPY 432 per share | ||
Exercise period | January 12, 2022 - January 11, 2027 | ||
Exercise conditions2 | |||
Directors | Number of stock options: | 177,300 units | |
Number of shares: | 177,300 shares | ||
Details | (excluding Independent Directors) | ||
Number of holders: | 3 | ||
Number of stock options: | 67,500 units | ||
Holding | Independent Directors | Number of shares: | 67,500 shares |
Number of holders: | 5 | ||
Statutory Executive Officers | Number of stock options: | 230,400 units | |
(excluding those who are also | Number of shares: | 230,400 shares | |
Directors) | Number of holders: | 7 |
- Of the total stock options 475,200 units have been issued to Officers. (No units have been exercised in the fiscal year ending February 2023.)
- Exercise Conditions
- Any person who is allotted stock options is required to remain in the position of Director, Statutory Executive Officer, or employee of Ichigo, or Director, Statutory Executive Officer, Auditor or employee of Ichigo's subsidiaries and other similar positions until the rights are exercised, except for retirement due to expiration of term, mandatory retirement, and other cases approved by the Board of Directors.
- Pledges and other disposition of stock options are not permitted.
- If a person who is allotted stock options should become deceased, the heir may exercise the rights subject to the conditions provided for in the Stock Options Allotment Agreement as described in (iv).
- Other conditions are subject to the Stock Options Allotment Agreement entered into between Ichigo and recipient of stock options pursuant to the resolution of Ichigo's Board of Directors.
4
18th Stock Option Plan | |||
Date of resolution | October 14, 2020 | ||
Number of stock options | 1,816,700 units1 | ||
Type and number of shares | 1,816,700 common shares (1 share per unit) | ||
Issue price | N/A | ||
Exercise price | JPY 340 per share | ||
Exercise period | October 15, 2023 - October 14, 2028 | ||
Exercise conditions2 | |||
Directors | Number of stock options: | 240,000 units | |
Number of shares: | 240,000 shares | ||
Details | (excluding Independent Directors) | ||
Number of holders: | 3 | ||
Number of stock options: | 75,000 units | ||
Holding | Independent Directors | Number of shares: | 75,000 shares |
Number of holders: | 5 | ||
Statutory Executive Officers | Number of stock options: | 203,000 units | |
(excluding those who are also | Number of shares: | 203,000 shares | |
Directors) | Number of holders: | 7 |
- Of the total stock options 518,000 units have been issued to Officers.
- Exercise Conditions
- Any person who is allotted stock options is required to remain in the position of Director, Statutory Executive Officer, or employee of Ichigo, or Director, Statutory Executive Officer, Auditor or employee of Ichigo's subsidiaries and other similar positions until the rights are exercised, except for retirement due to expiration of term, mandatory retirement, and other cases approved by the Board of Directors.
- Pledges and other disposition of stock options are not permitted.
- If a person who is allotted stock options should become deceased, the heir may exercise the rights subject to the conditions provided for in the Stock Options Allotment Agreement as described in (iv).
- Other conditions are subject to the Stock Options Allotment Agreement entered into between Ichigo and recipient of stock options pursuant to the resolution of Ichigo's Board of Directors.
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Ichigo Inc. published this content on 03 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2023 00:10:04 UTC.