CUC Inc. (JP:9158) has released an update.
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CUC Inc. has resolved to issue stock options to its directors and corporate officers to incentivize and align their interests with the medium to long-term performance and value enhancement of the company. A total of 1,049 stock options will be granted, allowing for the acquisition of 104,900 common shares, with the terms of the issuance including fair value payment and adjustments in case of stock splits or other corporate actions. The exercise price is determined by a set formula, taking into account the average closing price of the shares and making adjustments for stock splits or below-market issuances.
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