Top > Investor Relations > Stock and Bonds > Notice & news board > "K" LINE Ready for Adoption of Stock Option Plan

May 10, 2002
Kawasaki Kisen Kaisha, Ltd.

"K" LINE Ready for Adoption of Stock Option Plan
- Resolution on Issuance of New Stock Reserving Rights -

Kawasaki Kisen Kaisha, Ltd., Tokyo (hereunder referred to as "K"LINE or the Company) takes pleasure in announcing:
At meeting of the Board of Directors on May 10, 2002, it was resolved that "K"LINE will issue New Stock Reserving Rights (Stock Option) in accordance with the Commercial Code of Japan, Article 280-20 & -21, subject to resolution at the Annual Shareholders Meeting scheduled for June 27, 2002. The objective of the resolution is the adoption of a Stock Option Plan.

1.Reason for issuance of Stock Option

This resolution is aimed to encourage directors and employees of "K"LINE, as well as directors of its subsidiaries, to have a positive incentive in their work performance and for achieving overall improvement, for which the Company will issue Stock Option.

2. Details of issuance of Stock Option

  1. Persons eligible for Stock Option
    Directors (including Counselors and/or Advisor-level Executives) and employees of "K"LINE and directors of its subsidiaries
  2. Class and number of stock to which Stock Option is applicable
    No more than 500,000 shares of common stock in the aggregate
  3. Total units of Stock Option
    500 units (consisting of 1,000 shares per unit)
  4. Period of execution of Stock Option
    From June 28, 2004 through June 27, 2007
  5. Grant of Stock Option
    Transfer of Stock Option will not be allowed.

The content on this website is provided as a convenience for our investors for informational purpose only. This is not intended to solicit investors to buy our company's stock. This information may include forecasts, projections and strategies that are based on the assumptions. Number of risks and uncertainties may cause actual results to differ from the description in this website. The final decision and responsibility for investments rests solely with the user of this site.


To read the PDF files, you need Adobe Reader installed on your computer.
If you do not have it, you can get it here.