Tokyo, Japan and Cambridge, UK, 4 June 2021 – Sosei Group Corporation (“the Company”; TSE: 4565) announces that the Company has determined the payment amount and other matters of issuance of new shares under the Restricted Stock Unit (“RSU”) Plan No. 5 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.

(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 (31 May 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 May 2021.

-ENDS-