Last Updated: 2010.10.08
Notice regarding stock option issuance (new share warrants)
FAST RETAILING CO., LTD.
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The Board of Directors has passed a resolution at a meeting held today to issue new share warrants in the form of stock options to employees of the company and related subsidiaries, based on Articles 236, 238, and 240 of the Companies Law.
・Reason for issuance of new share warrants in the form of stock options
The purpose of issuing new share warrants is to remunerate employees of the company and related subsidiaries in line with their individual contribution to group profit. By linking profit distributed to employees of the company and related subsidiaries to the company stock price, we aim to heighten employee motivation and morale towards strengthening the profitability of the group and increasing the share value by carrying out business development focused on maximizing profit for shareholders. We will issue 2 types of new share warrants with varying payment amounts and rights exercise periods, based on the position and other conditions of eligible persons.