Lion : Notice Concerning Issuance of Subscription Rights (Stock Options)
March 30, 2016 at 02:15 am EDT
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Based on a resolution of the Board of Directors meeting held today, Lion Corporation ('Lion' or 'the Company') announces its decision to issue subscription rights to directors pursuant to Articles 236-1, 238-1 and -2, and 240-1 of the Corporation Law.
1.
Purpose of Issuing Subscription Rights
The issuance of subscription rights to directors (excluding external directors) is intended to strengthen the relationship between the Company's stock and financial performance and the compensation granted to directors as well as to expose them to the same benefits and risks as shareholders with regard to stock value fluctuation. As such, the issuance will provide further incentive for enhancing corporate value and improving the Company's operating results.
2.
Main Points of the Issuance of Subscription Rights
(1)
Name of subscription rights to be issued:
Lion Corporation 2nd stock options in 2016 under the stock-based compensation plan
(2)
Number of subscription rights to be issued:
30,892
However, if the total number of subscription rights applied for is less than this number, then the number of subscription rights to be issued shall be adjusted accordingly.
(3)
Number of directors to which subscription rights shall be allotted and number of subscription rights to be allotted:
6; 30,892
(4)
Type and number of shares that are objects of subscription rights:
a.
Lion common stock: 30,892 shares
b.
One share shall be granted for each subscription right.
(5)
Exercise period for subscription rights:
From April 18, 2016 to April 17, 2046
(6)
Matters relating to increases in common stock and capital reserve that result from additional share issuances in connection with the exercise of the subscription rights:
(7)
Subscription rights allotment date:
April 18, 2016
(8)
Distribution of shares in response to subscription rights exercised:
The Company shall, in principle, draw on its existing treasury stock in response to the exercise of subscription rights.
Lion Corporation issued this content on 30 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 March 2016 06:14:36 UTC
Original Document: http://www.lion.co.jp/en/press/html/2016009f.htm
Lion Corporation is a Japan-based company mainly engaged in the manufacture and sale of consumable goods and industrial products. The Company operates in three business segments. The General Consumable Goods segment purchases and manufactures consumable goods, as well as sells its products through agent stores. This segment also involves pet food trading and over-the-counter management business. The Industrial Goods segment trades industrial products and kitchen cleanser. The Overseas segment manufactures and sells general consumable goods and chemical materials in overseas markets. The Company is also engaged in the design, construction and maintenance of the Company's equipment and the transportation of its products, the real estate, agency and welfare businesses.
LION CORPORATION 
