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Notice Regarding Issuance of Stock Acquisition Rights as Stock Options

TOKYO, Japan, June 27, 2018― Renesas Electronics Corporation (“Renesas”, TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that it has decided by the resolution of the Board of Directors on June 27, 2018, certain subscription items for stock acquisition rights to be issued as stock options for employees of Renesas, as well as directors (excluding outside directors) and employees of its subsidiaries. Renesas has also determined items regarding taking applications or persons who will receive these stock options. The terms and conditions are as outlined below.

 

Outline of Resolutions

  1. For employees of Renesas and employees of its subsidiaries located in Japan, Renesas will accept applications for persons who will receive the "Renesas Electronics Corporation Stock Options for FY2018 (Series No.3)", and will grant those stock options on July 31, 2018 (Japan Standard Time).
  2. For directors (excluding outside directors) and employees of Renesas’ subsidiaries located outside Japan, Renesas will accept applications for persons who will receive the "Renesas Electronics Corporation Stock Options for FY2018 (Series No.4)",and will grant those stock options on July 31, 2018 (Japan Standard Time).

 

I. Reason for issuance of stock acquisition rights as stock options

The purpose of the issuance of stock options is to encourage employees of Renesas, as well as directors (excluding outside directors) and employees of its subsidiaries to share the merits of a rise in Renesas’ share value and the risks of a drop in the share value with the shareholders, and to increase their desire to further contribute to increasing Renesas' stock price and increasing the value of the company.

 

II. Details of the stock options to be granted

1. Regarding "Renesas Electronics Corporation Stock Options for FY2018 (Series No.3)"

 

(1) Name of the stock options: "Renesas Electronics Corporation Stock Options for FY2018 (Series No.3)"

 

(2) Number of the stock options granted and number of eligible persons:

Renesas will grant 3,037 stock options to 257 employees of Renesas and 49 employees of Renesas subsidiaries located in Japan.

 

(3) Total number of the stock options: 3,037

However, the total number of the stock options described above is the expected number of stock options to be allotted. If the total number of stock options to be allotted decreases due to a lack of applications for subscription or for other reasons, the total number of stock options to be allotted will be the total number of stock options to be issued.

For further details, please see the full text here (PDF: 243 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—securely and safely. A global leader in microcontrollers, analog, power and SoC products and integrated platforms, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics, Office Automation and Information Communication Technology applications to help shape a limitless future. Learn more at renesas.com.


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.

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