TOKYO, Japan, June 28, 2016― Renesas Electronics Corporation (TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that it has resolved at the Meeting of Board of Directors held on June 28, 2016, certain subscription items for stock acquisition rights to be issued as stock options for Renesas members of the board (excluding outside directors) and Senior Vice Presidents and determined items regarding taking applications or persons who will receive these stock acquisition rights. The terms and conditions are as outlined below.
[Outline of Resolutions]
- For Renesas members of the board (excluding outside directors) and Senior Vice Presidents, Renesas will accept applications for persons who will receive the "First Series of FY2016 Stock Acquisition Rights of Renesas Electronics Corporation", and will grant those stock acquisition rights on August 1, 2016.
- For Renesas Senior Vice Presidents, Renesas will accept applications for persons who will receive the "Second Series of FY2016 Stock Acquisition Rights of Renesas Electronics Corporation", and will grant those stock acquisition rights on August 1, 2016.
- For Renesas Senior Vice Presidents, Renesas will accept applications for persons who will receive the "Third Series of FY2016 Stock Acquisition Rights of Renesas Electronics Corporation", and will grant those stock acquisition rights on August 1, 2016.
For further details, please see here (PDF: 110 KB).
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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