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|
7 Directors and Executive Officers of the Company
52 Directors of subsidiaries of the Company and employees of the Company and its subsidiaries
|Other details||The Securities Registration Statement relating to the Share Issuance has been filed in accordance with the Financial Instruments and Exchange Act.|
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.