Notice Regarding the Determination of Details of Issuance of Stock Acquisition Rights as Stock Options
TOKYO, Japan, September 14, 2017― 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 August 29, 2017, as follows.
- Name of stock acquisition rights: Renesas Electronics Corporation Stock Options for FY2017 (Series No.5)
- Total number of stock acquisition rights: 138
- Amount to be paid in exchange for stock acquisition rights:
123,900 yen per one stock acquisition right (1,239 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:
138 stock acquisition rights will be granted to two 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—securely and safely. The number one global supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Learn more at renesas.com.
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.