TOKYO, Japan ― Renesas Electronics Corporation (“Renesas”, TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced it has finalized the undetermined items of the stock acquisition rights to be issued as stock options in accordance with the resolution of the Board of Directors dated October 29, 2020 as follows.
[Outline of Resolutions]
1.Regarding “Renesas Electronics Corporation Stock Options for FY2020 (Series No.7)”
(1) Total number of the stock options: 490
(2) Amount to be paid in exchange for stock acquisition rights:
92,700 yen per one stock acquisition right (927 yen per share)
(3) Number of the stock options granted and number of eligible persons:
Renesas will grant 490 stock options to 3 members comprising of employees of Renesas residing inside Japan.
2.Regarding “Renesas Electronics Corporation Stock Options for FY2020 (Series No.8)”
(1) Total number of the stock options: 9,657
(2) Number of the stock options granted and number of eligible persons:
Renesas will grant 9,657 stock options to 104 members comprising of employees of Renesas’ subsidiaries residing outside of Japan.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.
The content in the press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.