15 May 2001
Company:
Information Services International - Dentsu, Ltd. (ISID)
Representative: Jutaro Takinami, President & CEO
(Code: 4812, TSE, 1st Section)
Contact: Yutaka Kimura, Senior Executive Director
(Tel.: 03-3228-6160)
Announcement Regarding the Provision of Stock Options
in the Form of Stock Warrants (Summary)
in the Form of Stock Warrants (Summary)
(Provision of Stock Warrants as Stipulated in Article 280-19
of the Commercial Code)
At the meeting of the board of directors held on May 15, 2001, the following resolution was passed regarding the provision of stock options in the form of stock warrants to ISID directors and employees.
1. Reason for Introducing Stock Option System
A stock option system is to be introduced in order to provide the company's directors and employees with a greater incentive to contribute to improved performance, as well as to promote management which focuses on the interests of shareholders.
2. Overview of Stock Option System
(1) Employees Eligible for Stock Warrants and the Number of Options to be Provided
9 of the company's directors who are in office as of the conclusion of the 26th regular general meeting of shareholders to be held on Thursday, June 28, 2001 are to be granted a total of 42,000 stock options (preemptive rights), while 4 employees with rank General Manager or Divisional Manager as of the conclusion of the same meeting are to be granted a total of 8,000 stock options.
(2) Type of Share to be Issued as a Result of the Exercise of Stock
Warrants
ISID ordinary par value shares
(3) Stock Option Issue Price (Exercise Price)
The exercise price is to be the average closing price for regular transactions in ISID ordinary shares on the Tokyo Stock Exchange (hereafter, "closing price") for days on which transactions are conducted in the month prior to the month in which the date of provision falls (rounded up to the nearest yen), or the closing price for the date of provision (or the most recent closing price in the event that there is no closing price for this date), whichever is higher.
(4) Period During Which Stock Warrants May be Exercised
July 1, 2003 to June 28, 2011
(Note) The above details are conditional on the approval of the "Bill Relating to the Granting of Stock Options to Directors and Employees" at the 26th regular general meeting of shareholders to be held on June 28, 2001.
