TOKYO--(BUSINESS WIRE)--
Sony Corporation
1-7-1 Konan, Minato-ku
Tokyo, 108-0075 Japan
News
& Information
Sony Corporation to Issue Stock Acquisition Rights for the Purpose of Granting Stock Options
October 30, 2014 - Sony Corporation (the “Corporation”) resolved at a meeting of its Board of Directors today to issue stock acquisition rights (“Stock Acquisition Rights”) for the purpose of granting stock options, pursuant to the provisions of Articles 236, 238 and 239 of the Companies Act of Japan and to the approval of the Corporation’s 97th Ordinary General Meeting of Shareholders held on June 19, 2014.
I. The reason the Corporation will issue Stock Acquisition Rights for the purpose of granting stock options
The Corporation will issue stock acquisition rights to directors, corporate executive officers and employees of the Corporation and of its subsidiaries (excluding outside Directors; hereinafter the same in this press release), for the purpose of giving directors, corporate executive officers and employees of the Corporation and of its subsidiaries an incentive to contribute towards the improvement of the business performance of the Corporation and of its group companies (collectively the “Group”) and thereby improving the business performance of the Group by making the economic interest which such directors, corporate executive officers or employees will receive correspond to the business performance of the Group.
II. The principal terms of the issue
The Twenty-Eighth Series of Stock Acquisition Rights
1. |
Persons to whom Stock Acquisition Rights will be allocated and
number of Stock |
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Number of persons |
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(Number of Stock Acquisition Rights) | |||||||||||||
Corporate executive officers of the Corporation | 7 | (2,500) | |||||||||||
Employees of the Corporation | 158 | (3,068) | |||||||||||
Directors of the subsidiaries of the Corporation | 67 |
(1,608) |
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Employees of the subsidiaries of the Corporation | 136 | (1,628) | |||||||||||
total: 368 |
(total: 8,804) |
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2. |
Class and number of shares to be issued or transferred upon
exercise of Stock Acquisition |
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880,400 shares of common stock of the Corporation |
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The number of shares to be issued or transferred upon exercise of
each Stock |
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3. |
Aggregate number of Stock Acquisition Rights: |
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8,804 |
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4. |
Payment in exchange for Stock Acquisition Rights: |
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Stock Acquisition Rights are issued without payment of any
consideration to the |
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5. |
Amount of assets to be contributed upon exercise of Stock Acquisition Rights: |
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The amount of assets to be contributed upon exercise of each Stock
Acquisition |
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6. |
Period during which Stock Acquisition Rights may be exercised: |
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From and including November 20, 2015, up to and including November
19, 2024. |
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7. |
Conditions for the exercise of Stock Acquisition Rights: |
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(1) |
No Stock Acquisition Right may be exercised in part. |
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(2) |
In the event of a resolution being passed at a general meeting of
shareholders |
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8. |
Matters concerning the amount of capital and the additional
paid-in capital increased by |
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(1) |
The amount of capital increased by the issuance of shares upon
exercise of Stock |
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(2) |
The amount of additional paid-in capital increased by the issuance
of shares upon |
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9. |
Mandatory repurchase of Stock Acquisition Rights: |
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Not applicable. | |||||||||||||
10. |
Restrictions on the acquisition of Stock Acquisition Rights through transfer: |
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The Stock Acquisition Rights cannot be acquired through transfer,
unless such |
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11. |
Allotment date of Stock Acquisition Rights: |
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November 20, 2014 |
The Twenty-Ninth Series of Stock Acquisition Rights
1. |
Persons to whom Stock Acquisition Rights will be allocated and
number of Stock |
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Number of persons | |||||||||
(Number of Stock Acquisition Rights) |
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Corporate executive officers of the Corporation | 1 | (2,000) | |||||||
Employees of the Corporation | 1 |
( 10) |
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Directors of the subsidiaries of the Corporation | 23 | (2,716) | |||||||
Employees of the subsidiaries of the Corporation |
533 |
(5,394) |
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total: 558 |
(total: 10,120) |
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2. |
Class and number of shares to be issued or transferred upon
exercise of Stock Acquisition |
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1,012,000 shares of common stock of the Corporation |
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The number of shares to be issued or transferred upon exercise of
each Stock |
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3. |
Aggregate number of Stock Acquisition Rights: |
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10,120 |
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4. |
Payment in exchange for Stock Acquisition Rights: |
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Stock Acquisition Rights are issued without payment of any
consideration to the |
|||||||||
5. |
Amount of assets to be contributed upon exercise of Stock Acquisition Rights: |
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The amount of assets to be contributed upon exercise of each Stock
Acquisition |
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6. |
Period during which Stock Acquisition Rights may be exercised: |
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From and including November 20, 2015, up to and including November
19, 2024. |
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7. |
Conditions for the exercise of Stock Acquisition Rights: |
||||||||
(1) |
No Stock Acquisition Right may be exercised in part. |
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(2) |
In the event of a resolution being passed at a generalmeeting of
shareholders of |
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8. |
Matters concerning the amount of capital and the additional paid-in capital increased by the issuance of shares upon exercise of Stock Acquisition Rights: |
||||||||
(1) |
The amount of capital increased by the issuance of shares upon
exercise of Stock |
||||||||
(2) |
The amount of additional paid-in capital increased by the issuance
of shares upon |
||||||||
9. |
Mandatory repurchase of Stock Acquisition Rights: |
||||||||
Not applicable. | |||||||||
10. |
Restrictions on the acquisition of Stock Acquisition Rights through transfer: |
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The Stock Acquisition Rights cannot be acquired through transfer
(other than any |
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11. |
Allotment date of Stock Acquisition Rights: |
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November 20, 2014 |