Notice Concerning Issuance of Stock Compensation-type Stock Options (Stock Subscription Rights)
Nippon Sheet Glass Co., Ltd. ( “the Company” ) has decided, at the Board of Directors meeting held earlier today, terms and conditions of Stock Subscription Rights, in the form of stock options, to be allocated to the directors ( except non-executive directors ), executive officers and riji , pursuant to stipulations in Articles 236, 238 and 240 of the Corporation Law. Objectives of the issue are: sharing between the Company’s shareholders and management of benefits and risks associated with share price movements; and further improvement in motivation for the Company’s management to increase the corporate value. Details of terms and conditions of the issue are set out as below.
30 Aug 2007