Le Lézard
Classified in: Business
Subject: ACC

Notice Regarding Issuance of Stock Acquisition Rights (Stock Options)


SAINT PETER PORT, Guernsey, June 28, 2018 /PRNewswire/ --

Prospect Co., Ltd. (hereafter "Company") announces that it was resolved at the Board of Directors meeting held today (June 28, 2018) that Stock Acquisition Rights will be issued to directors and employees, pursuant to Article 236, Article 238 and Article 240 of the Companies Act.  

Note 

1. Purpose for issuing Stock Acquisition Rights

For further expansion in the renewable energy business, the Company believes that it is necessary to provide sufficient incentives to secure talented personnel and keep them motivated. The Stock Acquisition Rights are mainly targeted to selected directors and employees (including executive officers), who meet requirements. In addition, a condition is attached to the Stock Acquisition Rights, which in the event that the Company's stock price falls below a certain level, it is required to exercise the rights at an exercise price that exceeds the stock price. The Company believes that such an obligation will enhance management responsibility.

2. Outline of the issuance of the Stock Acquisition Rights

3. The Stock Acquisition Rights details are being translated into English and will be released next week.



Prospect Co., Ltd.
Representative Director, President: Curtis Freeze
(Code Number: 3528, 2nd Section of TSE)
Contact:  Representative Director, Managing Director, Masato Tabata
TEL:  03-(3470)-8411 (Main)


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