SBI Insurance Group announced the issuance of two tranches of stock acquisition rights (warrants): the 1st tranche of 6,000 rights to directors of the company and subsidiaries (exercisable for 600,000 common shares at ¥2,429 per share), and the 2nd tranche of 6,400 rights to employees (exercisable at the closing price on allocation date). Both tranches have an exercise period from July 2, 2029 to December 30, 2031, with the 1st tranche subject to cumulative net income performance condition of ¥10.5 billion over three fiscal years.
¥1.5bn
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Summary
SBI Insurance Group announced the issuance of two tranches of stock acquisition rights (warrants): the 1st tranche of 6,000 rights to directors of the company and subsidiaries (exercisable for 600,000 common shares at ¥2,429 per share), and the 2nd tranche of 6,400 rights to employees (exercisable at the closing price on allocation date). Both tranches have an exercise period from July 2, 2029 to December 30, 2031, with the 1st tranche subject to cumulative net income performance condition of ¥10.5 billion over three fiscal years.