TOKYO, Japan, July 31, 2018― 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 Meeting of Board of Directors held on June 27, 2018, as follows.
- Name of stock acquisition rights: Renesas Electronics Corporation Stock Options for FY2018 (Series No.3)
- Total number of stock acquisition rights: 3,037
- Amount to be paid in exchange for stock acquisition rights:
99,500 yen per one stock acquisition right (995 yen per share） - Persons eligible for the allotment of stock acquisition rights, the number of persons and the number of stock acquisition rights to be allotted:
3,037 stock acquisition rights will be granted to 257 employees of Renesas and 49 employees of Renesas subsidiaries located in 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.
Forward-Looking Statements
The statements in this press release with respect to the plans, strategies and financial outlook of Renesas Electronics and its consolidated subsidiaries (collectively “we”) are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to several important factors including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Amongst other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets may cause actual results to differ from the projected results forecast.
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.