Press release
Apr 8, 2022

Notice Regarding Determination of Payment Amount and Other Matters of Issuance of New Shares Under Restricted Stock Unit (RSU) Plan


Tokyo, Japan and Cambridge, UK, 8 April 2022 – Sosei Group Corporation (“the Company”; TSE: 4565) today 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. 8 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 16 April 2020.

 

(1) Payment date 19 May 2022
(2) Type and number of shares to be issued 207,030 shares of the Company’s common stock
(3) Payment amount 1,427 Yen per share
(4) Total amount of payment 295,431,810 Yen
(5) Allottees

7 Directors and Executive Officers of the Company

52 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)

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 (7 April 2022). 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.

  1. 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.
  2. The Performance Period for the Share Issuance was from 1 April 2020 to 31 March 2022.
  3. The number of shares to be issued under the Plan and other stock-based compensation plans of the Company including 6th RSU, under which the payment amount and other matters of issuance of new shares were determined on April 1, 2022, and 8th RSU will be 1.23 % of the total number of outstanding shares of the Company as of 31 March 2022.

 

-ENDS-

 


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