LINE Corporation: Notice of Confirmation of Terms for the Issuance of Stock Options (Warrants)
July 18 2017 - 7:21AM
Business Wire
With respect to the issuance of stock options (warrants)
resolved at the meeting of the Board of Directors of LINE
Corporation (NYSE:LN)(TOKYO:3938) (Headquarters: Shinjuku-ku,
Tokyo, Japan; President & CEO: Takeshi Idezawa; the “Company”)
held June 26, 2017, certain previously undetermined items have been
confirmed as follows.
1. LINE Corporation 20th Warrants
(1) Total number of warrants: 12,621 allotments
(2) Paid-in amount for warrants
154,500 yen per warrant (1,545 yen per share
of stock)Persons who have been allotted warrants shall set off
his/her claims for remuneration against the Company in lieu of
payment of monies for the warrants allotted.
(3)
Categories and Numbers of Warrant
Allottees as well as Total Warrants Allotted
Allottee Number Number of Warrants Directors
of the Company Four (4) 12,621
2. LINE Corporation 21st Warrants
(1) Total number of warrants: 11,239 allotments
(2) Paid-in amount for warrants
154,500 yen per warrant (1,545 yen per share
of stock)Persons who have been allotted warrants shall set off
his/her claims for remuneration against the Company in lieu of
payment of monies for the warrants allotted. For directors at the
subsidiaries of the Company (“Subsidiary Directors”) who have been
allotted warrants, the Company assumes the remuneration obligation
of the Company's subsidiary, and offsets the Subsidiary Directors’
claims for remuneration against the Company in lieu of payment of
monies for the warrants allotted.
(3)
Categories and Numbers of Warrant
Allottees as well as Total Warrants Allotted
Allottee Number Number of Warrants Executive
officers of the Company Nine (9) 9,436 Director of one of the
Company’s subsidiaries One (1) 1,803 Total Ten (10)
11,239
If there are any conflicts of the terms in Japanese and English
of this document, the terms in Japanese shall prevail.
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version on businesswire.com: http://www.businesswire.com/news/home/20170718005691/en/
LINE Global PRIcho Saito, +81-3-4316-2104dl_gpr@linecorp.co
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