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The following information is true and accurate at the time of publication.
November 14, 2003
Determination of Final Terms of Stock Acquisition Rights
for the Purpose of Granting Stock Options
Sony Corporation (the "Corporation")
announced today that the final terms of Common Stock Acquisition
Rights and Subsidiary Tracking Stock Acquisition Rights
for the purpose of granting stock options, which issues
were resolved at the meeting of its Board of Directors held
on October 23, 2003, have been determined as set forth below.
I. Common Stock Acquisition Rights
- 1. Amount to be paid in per share to be issued or
transferred upon exercise of Common Stock Acquisition
Rights:
- 4,101 yen
2. Aggregate amount of issue price of shares to be issued
upon exercise of Common Stock Acquisition Rights:
- 5,732,377,800 yen
3. Portion of issue price of shares which will accounted
for as stated capital in case shares are issued upon
exercise of Common Stock Acquisition Rights:
- 2,051 yen per share
II. Subsidiary Tracking Stock Acquisition Rights
- 1. Amount to be paid in per share to be issued or
transferred upon exercise of Subsidiary Tracking Stock
Acquisition Rights:
- 815 yen
2. Aggregate amount of issue price of shares to be issued
upon exercise of Subsidiary Tracking Stock Acquisition
Rights:
- 37,082,500 yen
3. Portion of issue price of shares which will accounted
for as stated capital in case shares are issued upon
exercise of Subsidiary Tracking Stock Acquisition Rights:
- 408 yen per share
- Notes:
- 1.Date of Ordinary General Meeting of Shareholders
- June 20, 2003
2.Date of issue of Stock Acquisition Rights
- November 14, 2003
3.Aggregate number of Stock Acquisition Rights
- Common Stock Acquisition Rights: 13,978
- Subsidiary Tracking Stock Acquisition Rights: 455
4.Issue price of Stock Acquisition Rights
- No consideration shall be paid
5.Class and number of shares to be issued or transferred
upon exercise of Stock Acquisition Rights
- Common Stock Acquisition Rights: 1,397,800 shares
of common stock of the Corporation*
- Subsidiary Tracking Stock Acquisition Rights: 45,500
shares of subsidiary tracking stock of the Corporation*
- *The number of shares to be issued or transferred
upon exercise of each Stock Acquisition Right is 100.
6. Period during which Stock Acquisition Rights may
be exercised
- From and including November 14, 2004 to and including
November 13, 2013. If the last day of such period falls
on a holiday of the Corporation, the immediately preceding
business day shall be the last day of such period.
7. Conditions for exercise of Stock Acquisition Rights
- (1) Each Stock Acquisition Right may not be exercised
in part.
- (2) If share exchange or share transfer by which the
Corporation becomes a wholly-owned subsidiary of another
company is approved at the meeting of shareholders of
the Corporation, a holder of the Stock Acquisition Rights
may not exercise the Common Stock Acquisition Rights
on and after the date of such share exchange or share
transfer.
8.Persons to whom Stock Acquisition Rights shall be
allocated
- Common Stock Acquisition Rights:
Directors, corporate executive officers and employees
of the Corporation and its subsidiaries (total: 604)
- Subsidiary Tracking Stock Acquisition Rights:
Directors and employees of Sony Communication Network
Corporation (total: 7)
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