TOKYO, Japan― Renesas Electronics Corporation (“Renesas”, 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 June 25, 2019 as follows.
[Outline of Resolutions]
1. Regarding “Renesas Electronics Corporation Stock Options for FY2019 (Series No.6)”
(1) Total number of the stock options: 24,247
(2) Amount to be paid in exchange for stock options:
63,800 yen per one stock option (638 yen per share)
(3) Number of the stock options granted and number of eligible persons:
Renesas will grant 24,247 stock options to 539 members comprising of employees of Renesas residing in Japan, as well as directors (excluding outside directors) and employees of its subsidiaries located in Japan.
2. Regarding “Renesas Electronics Corporation Stock Options for FY2019 (Series No.7)”
(1) Total number of the stock options: 170,018
Number of the stock options granted and number of eligible persons:
Renesas will grant 170,018 stock options to 1,837 members comprising of directors (excluding outside directors) and employees of Renesas’ subsidiaries 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.
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.