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Shionogi to Determine the Contents of Stock Options as Compensation (Stock Acquisition Rights)

July 11, 2014



ENP Newswire - 11 July 2014

Release date- 10072014 - Osaka, Japan, - Shionogi & Co., Ltd. (Head Office: Osaka; President & CEO: Isao Teshirogi, Ph.D.; hereafter 'Shionogi' or 'the Company') today announced that it has decided on the contents of pending items of the stock acquisition rights, which was resolved at the meeting of the Board of Directors of the Company held on June 25th, 2014. The decisions are detailed below.

1. Total number of the stock acquisition rights 424 units



2. Total number of persons offered the stock acquisition rights and number of stock acquisition rights

The Qualified Directors: 2 Directors, 178 units

The Corporate Officers: 11Officers, 246 units

3. The amount to be paid for stock acquisition rights JPY 189,900 per stock acquisition right (option value:JPY 1,899 per share) The amount paid shall be equal to the fair market value per stock acquisition rights on the allotment date as calculated using the Black-Scholes model.

The person to whom stock acquisition rights are allotted may offset the remuneration amount with payment debt of the stock acquisition rights to be issued.

4. The class and number of shares to be issued upon exercise of stock acquisition rights Common stocks of Shionogi 42,400 shares


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Source: ENP Newswire


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