Shin-Etsu Chemical (TYO:4063) said it will issue 15,710 stock acquisition rights as stock options to its directors, corporate officers, and employees, according to a Tokyo bourse filing on Tuesday.
The chemicals company said options, to be granted to four directors, excluding outside directors, 13 corporate officers not serving as directors, and 116 employees, are aimed at raising motivation and improving business results.
The stock options will cover a total of 1.6 million common shares, with allocation and payments scheduled on Sept. 30.