Summary by Futu AI
Sony Group Corporation announced on November 8, 2024, its decision to issue stock acquisition rights as stock options to incentivize employees and improve group performance. The company will grant 43,028 stock acquisition rights, convertible into 4,302,800 shares of common stock.The Fifty-First Series will allocate 28,670 rights to 178 recipients, including corporate executive officers and employees of Sony and its subsidiaries. The Fifty-Second Series will allocate 14,358 rights to 22 recipients, primarily employees of Sony's subsidiaries. Both series have an exercise period from November 25, 2025, to November 24, 2034.The exercise price for the Fifty-First Series will be based on the average closing price of Sony's stock for 10 days prior to the allotment date. For the Fifty-Second Series, the exercise price will be calculated in U.S. dollars. The stock options aim to align employees' economic interests with the Group's performance, potentially enhancing overall business results.