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Recruit Board Approves Issuance of New Share Option Under Stock Compensation Plan

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Recruit's (TYO:6098) board approved the issuance of 5,937 new share options under its stock compensation plan, according to a Friday filing on the Tokyo Stock Exchange.

Each option entitles the holder to acquire 100 common shares, representing up to 593,700 shares.

The shares will be allocated to four directors, excluding independent directors, and three senior vice presidents, subject to adjustments for stock splits and other corporate actions.

The issuance will be completed on July 27, with no cash payment required, and will be exercisable between April 1, 2027, and July 26, 2036.

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Recruit Board Approves Issuance of New Share Option Under Stock Compensation Plan | FINWIRES