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Optex Group Sets Terms for Stock Options Granted to Directors as Compensation

-- Optex Group (TYO:6914) is setting the terms for stock options granted to its directors and those of its subsidiaries as compensation, according to a Friday filing on the Tokyo Stock Exchange.

The company will issue 326 share acquisition rights, equivalent to 32,600 shares, allocating 71 rights to three directors at the parent company and 255 rights to 21 directors at subsidiaries.

Each stock option carries a value of 244,000 yen, or 2,440 yen per share, calculated using the Black-Scholes model, with the payment offset against compensation claims.

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