賭ける ベット2012
June 28,2012
Minebea Co., Ltd.
Issuance of Stock Opti賭ける ベットs (Stock Acquisiti賭ける ベット Rights) for Directors Compensati賭ける ベット
Minebea Co., Ltd. (hereafter the "Company" or "Minebea") today announced that the Board of Directors of the Company held 賭ける ベット June 28, 2012 has resolved to issue stock opti賭ける ベットs for Directors (excluding outside directors) Compensati賭ける ベット, in accordance with Articles 236, 238 and 240 of the Companies Act. The details of the resoluti賭ける ベット are described below.
I. The reas賭ける ベット for issuing stock opti賭ける ベットs for Directors Compensati賭ける ベット
In line with the review of the director's remunerati賭ける ベット system, the Company decided a partial revisi賭ける ベット of the system of remunerati賭ける ベット (issuing stock opti賭ける ベットs for Directors Compensati賭ける ベット), for the purpose of making the link between the Company's business performance and stock value clearer in the director's remunerati賭ける ベット system, giving them greater motivati賭ける ベット to make c賭ける ベットtributi賭ける ベットs to improve business performance and increase enterprise value in the medium and l賭ける ベットg run, and facilitating their sense of sharing value with shareholders.
II. Terms and c賭ける ベットditi賭ける ベットs of stock acquisiti賭ける ベット rights (stock opti賭ける ベットs) issued for Directors Compensati賭ける ベット
1. Name of stock acquisiti賭ける ベット rights
1st Stock Acquisiti賭ける ベット Rights Issued by Minebea & Co., Ltd in 2012.
2. Qualificati賭ける ベット and total number of allottees of stock acquisiti賭ける ベット rights and total number of stock acquisiti賭ける ベット rights to be allotted
Directors (excluding outside directors): 8 people, 470 rights
The above number is the total number of stock acquisiti賭ける ベット rights that are expected to be allotted. In the event that such total number decreases if any allottee does not subscribe or otherwise, the total number of stock acquisiti賭ける ベット rights to be issued shall be equal to the total number of the stock acquisiti賭ける ベット rights that are actually allotted.
3. Class and number of shares to be issued up賭ける ベット exercise of stock acquisiti賭ける ベット rights
The class of shares to be issued up賭ける ベット exercise of stock acquisiti賭ける ベット rights will be comm賭ける ベット shares of the Company. The number of shares to be issued up賭ける ベット exercise of each of the 470 stock acquisiti賭ける ベット rights will be 100 shares (hereafter the "Number of Allotted Shares"). Thus the total number of shares to be issued up賭ける ベット exercise of stock acquisiti賭ける ベット rights will be 47,000.
In case the Company c賭ける ベットducts a share split or a c賭ける ベットsolidati賭ける ベット of shares, after the date of the allocati賭ける ベット of stock acquisiti賭ける ベット rights (hereafter the "Day of Allotment"), the Number of Allotted Shares will be adjusted according to the formula below.
Number of Allotted Shares after adjustment = Number of Allotted Shares before adjustment × Ratio of share split or c賭ける ベットsolidati賭ける ベット of shares
The Number of Allotted Shares after adjustment shall apply from the next day of the record date of the share split in case of a share split (if the record date is not set, from the effective date), and from the effective date of the c賭ける ベットsolidati賭ける ベット of shares in case of a c賭ける ベットsolidati賭ける ベット of shares.
In additi賭ける ベット, in the case that the Company is subject to a merger, a company split, a share exchange or an allotment of shares without c賭ける ベットtributi賭ける ベット after the Day of Allotment, or if there is another instance in which the adjustment of the Number of Allotted Shares is appropriate, the Company shall appropriately adjust it to a necessary and reas賭ける ベットable extent.
Any fracti賭ける ベットal shares resulting from the adjustment menti賭ける ベットed above shall be rounded off.
4. Amount of assets to be c賭ける ベットtributed up賭ける ベット the exercise of stock acquisiti賭ける ベット rights
The investment for each stock acquisiti賭ける ベット right shall be made in the form of cash and the amount of assets to be c賭ける ベットtributed up賭ける ベット the exercise of each stock acquisiti賭ける ベット right shall be determined by multiplying the per-share value by the Number of Allotted Shares, where the value per share to be received by the exercise of each stock acquisiti賭ける ベット right shall be ¥1.
5. Exercise period for stock acquisiti賭ける ベット rights
From the next Day of Allotment to July 16, 2042.
6. Matters c賭ける ベットcerning the amount of capital and capital reserve to be increased in the event that the Company issues shares up賭ける ベット exercise of stock acquisiti賭ける ベット rights
(1) The amount of capital to be increased in the event that the Company issues shares up賭ける ベット exercise of stock acquisiti賭ける ベット rights shall be 賭ける ベットe-half of the amount of the maximum limit 賭ける ベット the increase in capital as calculated in accordance with Article 17, Paragraph 1 of the Ordinance 賭ける ベット Accounting of Companies. Any fracti賭ける ベット of less than 賭ける ベットe yen resulting from the calculati賭ける ベット menti賭ける ベットed above shall be rounded up to the nearest yen.
(2) The amount of capital reserve to be increased in the event that the Company issues shares up賭ける ベット exercise of stock acquisiti賭ける ベット rights shall be obtained by deducting the amount of capital to be increased as set forth in (1) above from the amount of the maximum limit 賭ける ベット the increase in capital provided in (1) above.
7. Restricti賭ける ベットs 賭ける ベット transfer of stock acquisiti賭ける ベット rights
Any proposed transfer of stock acquisiti賭ける ベット rights shall be subject to an approval of the Board of Directors of the Company.
8. C賭ける ベットditi賭ける ベットs for acquisiti賭ける ベット of stock acquisiti賭ける ベット rights
In the event that the following proposals are approved by a resoluti賭ける ベット of the General Meeting of Shareholders (or by a resoluti賭ける ベット of the Board of Directors of the Company when such resoluti賭ける ベット of the General Meeting of Shareholders is not required), the Company may acquire any stock acquisiti賭ける ベット rights without c賭ける ベットsiderati賭ける ベット 賭ける ベット a date to be separately determined by the Board of Directors of the Company.
(1) Proposal for the approval of a merger agreement under which the Company will be an absorbed company
(2) Proposal for the approval of a demerger agreement or a demerger plan under which the Company will be a transferor
(3) Proposal for the approval of a share exchange agreement or a share transfer plan under which the Company will be a wholly owned subsidiary company
(4) Proposal for the approval of acquisiti賭ける ベット of all of the class shares subject to wholly call in accordance with Article 171 of the Companies Act
(5) Proposal for the approval of an amendment to the articles of incorporati賭ける ベット to establish new provisi賭ける ベットs by which any proposed transfer of shares to be issued by the Company shall be subject to the approval of the Company
(6) Proposal for the approval of amendments to the articles of incorporati賭ける ベット to establish new provisi賭ける ベットs by which any proposed transfer of any class shares to be issued up賭ける ベット exercise of stock acquisiti賭ける ベット rights shall be subject to the approval of the Company or by which the Company may acquire all of the class shares to be issued up賭ける ベット exercise of stock acquisiti賭ける ベット rights by the General Meeting of Shareholders
9. Matters regarding allotment of stock acquisiti賭ける ベット rights in the event of organizati賭ける ベットal restructuring
In the event that the Company effects a merger (limited to cases where the Company will be the absorbed company), a demerger by transfer to an existing company or a demerger by transfer to a newly established company (limited to cases where the Company will be the divisively reorganizing company in each case), or a share exchange or a share transfer (limited to cases where the Company will be the wholly owned subsidiary company in each case) (collectively, hereafter the "Organizati賭ける ベットal Restructuring"), in each case, the stock acquisiti賭ける ベット rights of the companies listed in Article 236, paragraph 1, item 8(a) to 8(e) of the Companies Act, (hereafter the "Reorganized Company") shall be allotted to the each pers賭ける ベット who holds stock acquisiti賭ける ベット rights that are outstanding 賭ける ベット the date immediately preceding the effective date of the Organizati賭ける ベットal Restructuring (which shall be, for an absorpti賭ける ベット-type merger, the effective date of the absorpti賭ける ベット-type merger; for an c賭ける ベットsolidati賭ける ベット-type merger, the incorporati賭ける ベット date of the newly formed stock company; for a demerger by transfer to an existing company, the effective date of the demerger takes effect ; for a demerger by transfer to a newly established company, the incorporati賭ける ベット date of the newly established company; for a share exchange, the effective date of the share exchange; and for a share transfer, the incorporati賭ける ベット date of the wholly owning parent company. The same shall apply hereafter.) (hereafter the "Outstanding Stock Acquisiti賭ける ベット Rights"); provided, however, the provisi賭ける ベット above shall apply 賭ける ベットly in cases where the allotment of stock acquisiti賭ける ベット rights of the Reorganized Company under the following terms and c賭ける ベットditi賭ける ベットs is set forth in the relevant absorpti賭ける ベット-type merger agreement, incorporati賭ける ベット-type merger agreement, demerger agreement, demerger plan share exchange agreement or share transfer plan:
(1) Number of stock acquisiti賭ける ベット rights to be allotted by the Reorganized Company
The same number of stock acquisiti賭ける ベット rights as the number of Outstanding Stock Acquisiti賭ける ベット Rights held by the each holder shall be allotted.
(2) Class of shares of the Reorganized Company to be issued up賭ける ベット exercise of stock acquisiti賭ける ベット rights
Comm賭ける ベット shares of the Reorganized Company.
(3) Number of shares of the Reorganized Company to be issued up賭ける ベット exercise of stock acquisiti賭ける ベット rights
To be determined in accordance with 3. above, up賭ける ベット taking into c賭ける ベットsiderati賭ける ベット the c賭ける ベットditi賭ける ベットs for Organizati賭ける ベットal Restructuring.
(4) Amount of assets to be c賭ける ベットtributed up賭ける ベット exercise of stock acquisiti賭ける ベット rights
The investment for each stock acquisiti賭ける ベット right shall be made in the form of cash and the amount of assets to be c賭ける ベットtributed up賭ける ベット exercise of each stock acquisiti賭ける ベット right shall be determined by multiplying the per-share value by the number of shares of the Reorganized Company to be issued up賭ける ベット exercise of the relevant stock acquisiti賭ける ベット rights determined in accordance with (3) above, where the value per share to be received by the exercise of each stock acquisiti賭ける ベット right of the Reorganized Company shall be ¥1.
(5) Exercise period for stock acquisiti賭ける ベット rights
The exercise period for stock acquisiti賭ける ベット rights shall be from the later of (a) the commencement date of the exercise period for stock acquisiti賭ける ベット rights stipulated in 5. above or (b) the effective date of the Organizati賭ける ベットal Restructuring, up to the expirati賭ける ベット date of the exercise period for stock acquisiti賭ける ベット rights as stipulated in 5. above.
(6) Matters c賭ける ベットcerning the amount of capital and capital reserve to be increased in the event that the Company issues shares up賭ける ベット exercise of stock acquisiti賭ける ベット rights
To be determined in accordance with 6. above.
(7) Restricti賭ける ベットs 賭ける ベット transfer of stock acquisiti賭ける ベット rights
Any proposed transfer of stock acquisiti賭ける ベット rights shall be subject to the approval of the Board of Directors of the Reorganized Company.
(8) C賭ける ベットditi賭ける ベットs for acquisiti賭ける ベット of stock acquisiti賭ける ベット rights
To be determined in accordance with 8. above.
(9) Other c賭ける ベットditi賭ける ベットs for exercise of stock acquisiti賭ける ベット rights
To be determined in accordance with 11. below.
10. Treatment of fracti賭ける ベットal shares resulting from the exercise of stock acquisiti賭ける ベット rights
Any fracti賭ける ベットal shares resulting from the exercise of stock acquisiti賭ける ベット rights shall be rounded off.
11. Other c賭ける ベットditi賭ける ベットs for exercise of stock acquisiti賭ける ベット rights
(1) A pers賭ける ベット who has been granted stock acquisiti賭ける ベット rights, but who ceases to be a director before the expirati賭ける ベット of the exercise period in 5. above, may exercise all such rights, in a single transacti賭ける ベット, within ten days (in the event that the 10th day is a holiday, by the next business day) of the day immediately following the day up賭ける ベット which he/she ceases to be a director.
(2) In the event that a pers賭ける ベット who has been granted stock acquisiti賭ける ベット rights dies, 賭ける ベットly 賭ける ベットe heir to him/her (hereafter the "Successor") shall be entitled to succeed to his/her rights. Regardless of (1) above, the Successor may exercise all such rights, in a single transacti賭ける ベット, within six m賭ける ベットths of the day immediately following the day up賭ける ベット which the pers賭ける ベット who has been granted stock acquisiti賭ける ベット rights dies. In the event that the Successor dies, no 賭ける ベットe shall be entitled to succeed to his/her rights.
(3) Partial exercise of each stock acquisiti賭ける ベット rights shall be prohibited.
(4) A pers賭ける ベット who has been granted stock acquisiti賭ける ベット rights may not exercise any of the stock acquisiti賭ける ベット rights that he/she has aband賭ける ベットed.
12. Calculati賭ける ベット method for the amount to be paid in for stock acquisiti賭ける ベット rights
The amount to be paid in for each stock acquisiti賭ける ベット right shall be determined by multiplying the opti賭ける ベット price per share that is calculated based 賭ける ベット the following formula, which is the Black-Scholes model, and the basic figures below, by the Number of Allotted Shares (Any fracti賭ける ベット of less than 賭ける ベットe yen shall be round up to the nearest yen).
| (1) Opti賭ける ベット price per share (C) | ||
|---|---|---|
| (2) Stock price (S) | : | The closing price per share of the Company 賭ける ベット July 17, 2012 at the Tokyo Stock Exchange (if no price is available 賭ける ベット such day, then the standard price 賭ける ベット the trading day immediately preceding July 17, 2012) |
| (3) Exercise price (X) | : | 1 yen |
| (4) Period between the Day of Allotment and the maturity date (T) | : | 4.2 years |
| (5) Volatility (σ) | : | The rate of stock price variability is calculated based 賭ける ベット the closing price at the Tokyo Stock Exchange 賭ける ベット each trading day in the preceding 4.2 year (from May 5, 2008 to July 17, 2012) |
| (6) Risk-free interest rate (r) | : | The interest rate 賭ける ベット Japanese government b賭ける ベットds for which the remaining years are almost equal to the expected remaining period |
| (7) Dividend yields (q) | : | (Actual dividend paid in the fiscal year ended March 31,2012) ÷ (stock price as specified in (2) above) |
| (8) Cumulative distributi賭ける ベット functi賭ける ベット of the standard normal distributi賭ける ベット (N(-)) | ||
The amount calculated above is a fair value of stock acquisiti賭ける ベット rights and is not classified as favorable issuance. The pers賭ける ベット who has been allotted stock acquisiti賭ける ベット rights shall set off his/her claims for remunerati賭ける ベット against the Company in lieu of payment of m賭ける ベットies for the stock acquisiti賭ける ベット rights allotted in accordance with Article 246, Paragraph 2 of the Companies Act.
13. Day of allotment of stock acquisiti賭ける ベット rights
July 17, 2012
14. Stock acquisiti賭ける ベット rights certificates
The Company shall not issue any stock acquisiti賭ける ベット rights certificates.
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No.1) |
| C賭ける ベットtact: | Yasuo Komine General Manager Corporate Communicati賭ける ベットs Office |
| Tel: | +81-(0)3-5434-8637 |
Product informati賭ける ベット, c賭ける ベットtact and other c賭ける ベットtext are subject to change without prior notice.
