18.05.2015, 12:37
Nomura Finalizes Details of Stock Options
OREANDA-NEWS. Nomura Holdings, Inc. (the “Company”) today announced that its
Executive Management Board1 has finalized the details of the issuance of Stock Acquisition
Rights (“SARs”) as outlined below.
1. SARs to be Issued
(1) SARs No. 63
(2) SARs No. 64
(3) SARs No. 65
(4) SARs No. 66
(5) SARs No. 67
SARs No. 63 to No. 67 will be issued to directors, executive officers and/or employees of the Company and/or its subsidiaries, etc. in accordance with Articles 236, 238 and 240 of the Companies Act of Japan.
2. Reasons for Issuance of SARs
The Exercise Price of SARs will be one (1) yen per share and will be granted to directors, executive officers and employees of the Company, etc., and its subsidiaries in lieu of a portion of cash compensation.
The SARs will be issued as deferred compensation to grantees and are restricted from being exercised for approximately six months up to three years from the issuance resolution date (today).
By restricting the exercise of the rights, the SARs No. 63, No. 64 and No. 65 are expected to have the following benefits.
1. Retain talented personnel for longer terms by introducing deferred payment.
2. Align the interests of directors, executive officers and employees with those of shareholders by reflecting changes of share price in compensation packages.
3. Create a common objective for Nomura Group in terms of improving performance and trust by sharing a common incentive plan for executive officers and employees working in different business divisions and regions.
SARs No. 66 and No. 67 will be granted with exercise restriction periods of approximately six months and one year, respectively, in lieu of a portion of fixed allowance in accordance with remuneration regulations in Europe.
About Nomura
Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership.
1. SARs to be Issued
(1) SARs No. 63
(2) SARs No. 64
(3) SARs No. 65
(4) SARs No. 66
(5) SARs No. 67
SARs No. 63 to No. 67 will be issued to directors, executive officers and/or employees of the Company and/or its subsidiaries, etc. in accordance with Articles 236, 238 and 240 of the Companies Act of Japan.
2. Reasons for Issuance of SARs
The Exercise Price of SARs will be one (1) yen per share and will be granted to directors, executive officers and employees of the Company, etc., and its subsidiaries in lieu of a portion of cash compensation.
The SARs will be issued as deferred compensation to grantees and are restricted from being exercised for approximately six months up to three years from the issuance resolution date (today).
By restricting the exercise of the rights, the SARs No. 63, No. 64 and No. 65 are expected to have the following benefits.
1. Retain talented personnel for longer terms by introducing deferred payment.
2. Align the interests of directors, executive officers and employees with those of shareholders by reflecting changes of share price in compensation packages.
3. Create a common objective for Nomura Group in terms of improving performance and trust by sharing a common incentive plan for executive officers and employees working in different business divisions and regions.
SARs No. 66 and No. 67 will be granted with exercise restriction periods of approximately six months and one year, respectively, in lieu of a portion of fixed allowance in accordance with remuneration regulations in Europe.
About Nomura
Nomura is an Asia-based financial services group with an integrated global network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Asset Management, and Wholesale (Global Markets and Investment Banking). Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership.
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