Rakuten Bank, Ltd. (JP:5838) has released an update.
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Rakuten Bank, Ltd. plans to issue stock acquisition rights (SARs) to its employees as stock options, aiming to align their interests with shareholders by sharing the benefits and risks associated with stock price fluctuations. The SARs become exercisable progressively over four years, with full exercisability reached on the fourth anniversary of issuance, to both attract new talent and incentivize long-term performance improvements. No cash payment is required for issuing these rights, and the exercise price is set at one yen per right.
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