TOKYO, Japan― Renesas Electronics Corporation (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 March 25, 2019, as announced in the press release entitled “Notice Regarding Issuance of Stock Acquisition Rights as Stock Options“ issued on March 25, 2019, as follows.
As of March 25, 2019, Renesas’ initial estimation was to grant 625,318 stock options, which accounts for approximately 3.7 percent for the number of Renesas shares issued and outstanding (1,668,385,390 shares as of December 31, 2018). As of today, the final number of stock options is decided to be 570,468, which accounts for approximately 3.4 percent for the number of Renesas shares issued and outstanding. These stock acquisition rights include both those vested on the date of allocation and those vested after a fixed period from the allocation date. As of March 25, 2019, the number of Renesas common shares issuable following the vesting of the stock acquisition rights on the allotment date was estimated to account for approximately 1.5 percent of the number of Renesas shares issued and outstanding. Today, it has been decided the final percentage will account for approximately 1.4 percent.
I. Renesas Electronics Corporation Stock Options for FY2019 (Series No.1)
- Total number of stock acquisition rights: 101,326
- Persons eligible for the allotment of stock acquisition rights, the number of persons and the number of stock acquisition rights to be allotted:
101,326 stock acquisition rights will be granted to five members comprising of directors (excluding outside directors), corporate officers and employees of Integrated Device Technology, Inc. (“IDT”) located outside Japan.
II. Renesas Electronics Corporation Stock Options for FY2019 (Series No.2)
- Total number of stock acquisition rights: 2,608
- Amount to be paid in exchange for stock acquisition rights:
59,900 yen per one stock acquisition right (599 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:
2,608 stock acquisition rights will be granted to 16 employees of IDT located in Japan.
III. Renesas Electronics Corporation Stock Options for FY2019 (Series No.3)
- Total number of stock acquisition rights: 466,534
- Persons eligible for the allotment of stock acquisition rights, the number of persons and the number of stock acquisition rights to be allotted:
466,534 stock acquisition rights will be granted to 1,322 members comprising of corporate officers of Renesas and directors (excluding outside directors), corporate officers and employees of IDT located outside 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.
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