Notice Regarding Issuance of Stock Acquisition Rights as Stock Options

27 Aug 2019

TOKYO, Japan― Renesas Electronics Corporation (“Renesas”, TSE: 6723), a premier supplier of advanced semiconductor solutions, today announced that a decision has been made at the resolution of the Board of Directors on August 27, 2019, regarding certain subscription items for stock acquisition rights to be issued as stock options for employees of Renesas’ subsidiary. Renesas has also determined items regarding taking applications for persons who will receive these stock options. The terms and conditions are as outlined below.

[Outline of Resolutions]

  1. For employees of Renesas’ subsidiary residing outside Japan, Renesas will accept the application from a person who will receive the "Renesas Electronics Corporation Stock Options for FY2019 (Series No.10)", and will grant those stock options on September 20, 2019 (Japan Standard Time).

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

By issuing such stock options to employees of Renesas’ subsidiary, Renesas will be able to retain excellent talents as well as to have them share the advantages and risks of rises and falls in the value of Renesas shares with all the shareholders. Therefore, the stock options encourage them to contribute to increasing the share price and the enterprise value, which will ultimately lead to improving the corporate value of the Renesas Group.

For further details, please see the  full text here (PDF: 125 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 Follow us on LinkedIn, Facebook, Twitter, and YouTube.

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