August 2, 2017 | |
Name of Listed Company: | MS&AD Insurance Group Holdings, Inc. |
Name of Representative: | Yasuyoshi Karasawa, President & CEO |
(Securities Code: 8725, Tokyo Stock Exchange and Nagoya Stock Exchange) | |
Contact: | Corporate Communications and Investor Relations Dept. |
http://www.ms-ad-hd.com/en/ir/contact/index.html |
MS&AD Insurance Group Holdings, Inc. (the "Company") hereby announces that the undetermined items with respect to the terms of the issuance of stock acquisition rights to be allotted for associate directors of the subsidiaries of the Company and the issuance of which was resolved at the Board of Directors Meeting held on June 26, 2017 were determined as follows.
Total number of stock acquisition rights : 13,837
The number of share underlying each stock acquisition right shall be 1.
The amount to be paid in for stock acquisition rights :
JPY 3,660 per stock acquisition right (JPY 3,660 per share)
The above amount was calculated using the Black-Scholes model on the allotment date. The monetary remuneration claims of the person to be allotted the stock acquisition rights and the obligation to pay the aggregate amount to be paid for the stock acquisition right shall be offset.
Type and number of shares underlying stock acquisition rights : Shares of common stock of the Company, 13,837 shares
Qualified persons allotted
Number of persons
Number of stock acquisition rights allotted
Associate Directors of the subsidiairies of the Company
67
13,837
Persons to be allotted stock acquisition rights, the number of said persons and the number of stock acquisition rights to be allotted :
<Reference>
Date of the resolution at the Board of the Directors Meeting : June 26, 2017 Stock acquisition right allotment date : August 1, 2017
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MS&AD Insurance Group Holdings Inc. published this content on 02 August 2017 and is solely responsible for the information contained herein.
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