TOKYO--(BUSINESS WIRE)--With respect to the issuance of stock options (warrants) resolved at the meeting of the Board of Directors of LINE Corporation (NYSE:LN)(TOKYO:3938) (Headquarters: Shinjuku-ku, Tokyo, Japan; President & CEO: Takeshi Idezawa; the “Company”) held June 26, 2017, certain previously undetermined items have been confirmed as follows.
1. LINE Corporation 20th Warrants
(1) Total number of warrants: 12,621 allotments
(2) Paid-in amount for warrants
154,500 yen per warrant (1,545 yen per share of stock)
Persons who
have been allotted warrants shall set off his/her claims for
remuneration against the Company in lieu of payment of monies for the
warrants allotted.
|
(3) |
Categories and Numbers of Warrant Allottees as well as Total Warrants Allotted |
|||||
| Allottee | Number | Number of Warrants | ||||
| Directors of the Company | Four (4) | 12,621 | ||||
2. LINE Corporation 21st Warrants
(1) Total number of warrants: 11,239 allotments
(2) Paid-in amount for warrants
154,500 yen per warrant (1,545 yen per share of stock)
Persons who
have been allotted warrants shall set off his/her claims for
remuneration against the Company in lieu of payment of monies for the
warrants allotted. For directors at the subsidiaries of the Company
(“Subsidiary Directors”) who have been allotted warrants, the Company
assumes the remuneration obligation of the Company's subsidiary, and
offsets the Subsidiary Directors’ claims for remuneration against the
Company in lieu of payment of monies for the warrants allotted.
|
(3) |
Categories and Numbers of Warrant Allottees as well as Total Warrants Allotted |
|||||
| Allottee | Number | Number of Warrants | ||||
| Executive officers of the Company | Nine (9) | 9,436 | ||||
| Director of one of the Company’s subsidiaries | One (1) | 1,803 | ||||
| Total | Ten (10) | 11,239 | ||||
If there are any conflicts of the terms in Japanese and English of this document, the terms in Japanese shall prevail.
