Determination of Details of Issuance of Stock Acquisition Rights (Stock Options)
SoftBank Group Corp. (“SBG”) announced that on December 23, 2019 it determined the following details about the payment of cash in exchange for the stock acquisition rights (the “Stock Acquisition Rights”) to be issued to certain corporate officers and employees of SBG, in accordance with the resolution of the Board of Directors on November 26, 2019.
Payment of cash in exchange for the Stock Acquisition Rights
JPY 459,500 per unit of the Stock Acquisition Rights (JPY 4,595 per share)
The amount above constitutes the fair price of the Stock Acquisition Rights and does not fall under an issuing at a discount from market price. Further, each person who intends to subscribe to the Stock Acquisition Rights will acquire the Stock Acquisition Rights as a result of setting off the obligation to pay the amount to be paid in for the Stock Acquisition Rights against the remuneration claim he/she holds against SBG, instead of paying the amount to be paid in.
Reference:
For the outline of the issuance of the Stock Acquisition Rights not included above, please refer to “Issuance of Stock Acquisition Rights (Stock Options)” dated November 26, 2019.
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