Notice Regarding the Determination of Details of Issuance of Stock Acquisition Rights as Stock Options

01 Aug 2016

TOKYO, Japan, August 1, 2016― 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 May 11, 2016, as follows.

 

I. First Series of FY2016 Stock Acquisition Rights of Renesas Electronics Corporation

  1. Total number of stock acquisition rights: 2,059

  2. Amount to be paid in exchange for stock acquisition rights: 
    60,000 yen per one stock acquisition right (600 yen per share)

  3. Persons eligible for the allotment of stock acquisition rights, the number of persons and the number of stock acquisition rights to be allotted: 
    2,059 stock acquisition rights will be granted to two members of the board (excluding outside directors) and eight Senior Vice Presidents.

 

II. Second Series of FY2016 Stock Acquisition Rights of Renesas Electronics Corporation

  1. Total number of stock acquisition rights: 598 

  2. Persons eligible for the allotment of stock acquisition rights, the number of persons and the number of stock acquisition rights to be allotted: 
    598 stock acquisition rights will be granted to two Senior Vice Presidents.

 

III. Third Series of FY2016 Stock Acquisition Rights of Renesas Electronics Corporation   

  1. Total number of stock acquisition rights: 228 

  2. Persons eligible for the allotment of stock acquisition rights, the number of persons and the number of stock acquisition rights to be allotted: 
    228 stock acquisition rights will be granted to one Senior Vice President.

 

Forward-Looking Statements

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.

 

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, home electronics, office automation, and information communication technology applications that 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.