The Exercise Price of Stock Options
18 Agosto 2010 - 6:12AM
UK Regulatory
TIDMTDK
RNS Number : 2558R
TDK Corporation
18 August 2010
Contacts:
Sumio Marukawa
TDK Corporation
Corporate Communications Dept.
Tel: (81)-3-5201-7102
E-mail; pr@jp.tdk.com
Notice Regarding the Determination of the Exercise Price of
Stock Options
- Stock Acquisition Rights -
TOKYO JAPAN, August 18, 2010----- TDK Corporation (the "Company") has announced
the Exercise Price of stock acquisition rights to be issued as stock options
(the "Stock Acquisition Right(s)") and other related items decided by a Board of
Directors' meeting on July 29, 2010.
1. Total number of Stock Acquisition Rights
996
The number of shares to be allotted to each Stock Acquisition Right is 100
shares.
2. Number of Stock Acquisition Rights allotted and number of eligible persons
650 Stock Acquisition Rights will be allotted to 124 high-ranking TDK managers
and 346 Stock Acquisition Rights will be allotted to 65 high-ranking managers of
group companies. .
3. Amount to be paid for Stock Acquisition Rights
No payment shall be necessary for Stock Acquisition Rights.
4. Class and number of shares to be issued upon the exercise of the Stock
Acquisition Rights
The Company's common stock 99,600 shares
5. The amount to be invested when exercising Stock Acquisition Rights
?529,200
The Exercise Price: ?5,292
Note: The Exercise Price is an amount which is the average of the closing prices
of the
Company's shares of common stock on the Tokyo Stock Exchange on each day
(other
than any day on which no sale is reported) of the month immediately
preceding the
month in which the date of the issue of the Stock Acquisition Rights,
August 19, 2010,
falls, multiplied by 1.05 with any amount less than one Japanese yen
arising out of
such calculation to be rounded upward to the nearest yen.
# # #
This information is provided by RNS
The company news service from the London Stock Exchange
END
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