Sony Sets Final Terms for Stock Options Covering Nearly 3 Million Shares

MT Newswires Live11-25

Sony Group (TYO:6758) has finalized the terms for two new series of stock acquisition rights to be granted to 195 corporate executives and employees.

If fully exercised, the rights would result in the issuance of up to approximately 3 million new shares of Sony's common stock, according to a Tokyo bourse filing on Tuesday.

The 53rd Series of 20,387 options will be allocated to 171 individuals, primarily corporate executive officers and employees of Sony and its subsidiaries.

The 54th Series of 9,383 options will be allocated to 24 individuals, largely directors and employees of Sony's subsidiaries.

The options will be settled through offset against remuneration claims, the Japanese conglomerate said.

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