30 Jul 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 July 30, 2019, regarding certain subscription items for stock acquisition rights to be issued as stock options for directors (excluding outside directors), corporate officers and employees of Renesas. 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]
- For directors (excluding outside directors), corporate officers and employees of Renesas residing in Japan, Renesas will accept the application from a person who will receive the "Renesas Electronics Corporation Stock Options for FY2019 (Series No.8)", and will grant those stock options on August 23, 2019 (Japan Standard Time).
- For corporate officers of Renesas residing outside Japan, Renesas will accept applications for persons who will receive the "Renesas Electronics Corporation Stock Options for FY2019 (Series No.9)", and will grant those stock options on August 23, 2019 (Japan Standard Time).
I. Reason for issuance of stock acquisition rights as stock options
By issuing such stock options to directors (excluding outside directors) , corporate officers and employees of Renesas, 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.
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.