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Apr 1, 2021

Notice of Issuance of New Shares Under Restricted Stock Unit (RSU) Plan

Tokyo, Japan and London, UK, 1 April 2021 – Sosei Group Corporation (“the Company”; TSE: 4565) announces that the Company has determined the details of issuance of new shares under the Restricted Stock Unit (“RSU”) Plan No. 4 as set forth below (“the Share Issuance”) as announced by the Company in Press Release “Notice of Issuance of New Shares Under Restricted Stock Unit (RSU) Plan” issued on 11 December 2019.

 

(1) Payment date

16 April 2021
(2) Type and number of shares to be issued 151,918 shares of the Company’s common stock
(3) Payment amount 1,972 Yen per share
(4) Total amount of payment

299,582,296 Yen
(5) Allottees

7 Director and Executive Officers of the Company                                       

55 Directors of subsidiaries of the Company and employees of the Company and its subsidiaries
(6) Other details

The Securities Registration Statement relating to the Share Issuance has been filed in accordance with the Financial Instruments and Exchange Act.

(Note)

  1. The aforementioned payment amount per share has been determined by the Representative Executive Officer as at the closing price of the Company’s shares on the Tokyo Stock Exchange on the day immediately prior to the Date of Determination (20 April 2021). The payment amount per share is the market share price immediately preceding the Date of the Determination, so the Company considers it is not issuance of shares at a particularly favorable value.
  2. The Company will deliver the aforementioned new shares to be issued to the Allottees in exchange for provision as contribution in kind of monetary compensation claims against the Company provided to the Allottees.
  3. The Performance Period for the Share Issuance was from 1 April 2019 to 31 March 2021.

 

-ENDS-


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