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Tokai Tokyo Financial Approves Planned Stock Acquisition Rights Grant

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Tokai Tokyo Financial Holdings (TYO:8616) said its board approved details of a planned grant of 1,486 stock acquisition rights to 302 executives and employees of the company and its subsidiaries, according to a Friday filing on the Tokyo Stock Exchange.

The planned allocation includes 44 rights for two executive directors and 1,348 rights for 286 employees; also, 12 executive directors at wholly owned subsidiaries will receive 84 rights, while two directors of other subsidiaries will receive 10 rights.

The stock options are intended as a common incentive to improve performance and enhance consolidated results.

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