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SoftBank Group Approves Issuance of Stock Acquisition Rights

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SoftBank Group (TYO:9984) board approved the issuance of stock acquisition rights, or stock options, to corporate officers, employees, and directors and officers of a subsidiary, according to a Wednesday filing on the Tokyo Stock Exchange.

The Japan-based investor said that each stock acquisition right will entitle the holder to acquire 100 common shares, with the total number of shares available upon exercise initially capped at 375,400.

The stock options carry an exercise price of 1 yen per share.

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