Toray Industries Inc Stock Acquisition Rights

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RNS Number : 7572M

Toray Industries Inc

22 August 2011

August 22, 2011

Toray Industries, Inc.

Notice Regarding Determination of Terms and Conditions for the Issuance of Stock Compensation-Type Stock Options (Stock Acquisition Rights)

Toray Industries, Inc. ("the Company", hereinafter) announces today that the Company has determined on the remaining terms and conditions for the issuance of Stock Acquisition Rights to its vice presidents, Members of the Board and directors decided at its meeting of the Board of Directors held on July 29, 2011. Details are as follows:

1. Maximum Number of Stock Acquisition Rights: 747

2. Issue Price of Stock Acquisition Rights: 513,000 yen for one Stock Acquisition Right (513 yen per share)

Note that the said amount to be paid for the Stock Acquisition Rights shall be set off by the corresponding amount of the remuneration claims, against the Company, of the persons who receive the allotment of Stock Acquisition Rights.

3. Allottees of the Allotment of Stock Acquisition Rights,

and the Number of Persons

and the Number of Stock Acquisition Rights to be Allotted:

 
                                      Number       Number of Stock Acquisition 
            Allottees               of Allottees      Rights to be Allotted 
 The Company's Vice Presidents, 
  Members of the Board             28                                      555 
                                  --------------  ---------------------------- 
 The Company's Directors           32                                      192 
                                  --------------  ---------------------------- 
 Total                             60                                      747 
                                  --------------  ---------------------------- 
 

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