FRONTEO Announces Grant of Stock Options to Employees
22 Giugno 2017 - 2:00PM
FRONTEO, Inc. (Nasdaq:FTEO) (TSE:2158) ("FRONTEO" or "the
Company"), a leading provider of international litigation support
and big-data analysis services, announced today that its Board of
Directors held a meeting on June 22, 2017 and resolved to grant
stock options (the “Stock Options”) to certain employees, in
accordance with “Issuance of Subscription Rights to Shares as Stock
Options” resolved at its 13th Ordinary General Meeting of
Shareholders held on June 29, 2016. The details are as follows:
1. |
Issuance date of the Stock Options |
June 23, 2017 |
2. |
Number of the Stock Options to be issued |
700
(the number of shares per one (1) Stock Option is 100) |
3. |
Issue
price of the Stock Options |
No consideration shall
be paid. |
4. |
Class and
number of shares covered by the Stock Options |
|
|
70,000 common shares of the Company |
5. |
Amount payable in exercising the Stock Options |
|
|
JPY
730 per one (1) share |
6. |
Amount that is transferred into paid-in capital from the issue
price of shares, in case of issuance of shares upon exercise of the
Stock Options |
|
|
JPY
365 per one (1) share |
7. |
Period during which the Stock Options can be exercised |
|
|
June
24, 2020 – June 23, 2023 |
8. |
Employees granted Stock Options and number of Stock Options
granted by category of employee |
|
(1)
Twenty four (24) employees of the Company |
350 |
|
(2) Fifteen (15)
employees of the Company’s subsidiaries |
350 |
Additional Notes: |
|
(1 |
) |
Date
of the Board of Directors’ resolution to submit a proposal for
approval at the Ordinary General Meeting of Shareholders |
May 26, 2016 |
(2 |
) |
Date
of resolution at the Ordinary General Meeting of
Shareholders |
June 29, 2016 |
This document has been translated from the
original Japanese-language document for reference purposes
only. If there are any differences or discrepancies between
the original Japanese-language document and this English
translation, the original Japanese-language document shall
supersede this English translation.
About FRONTEO, Inc.FRONTEO,
Inc. (Nasdaq:FTEO) (TSE:2158) supports the analysis of big data
based on behavior informatics by utilizing its technology, "KIBIT".
FRONTEO's KIBIT technology is driven by FRONTEO AI based on
knowledge acquired through its litigation support services. The
KIBIT incorporates experts' tacit knowledge, including their
experiences and intuitions, and utilizes that knowledge for big
data analysis. FRONTEO continues to expand its business operations
by applying KIBIT to new fields such as healthcare and marketing.
FRONTEO was founded in 2003 as a provider of e-discovery and
international litigation support services. These services include
the preservation, investigation and analysis of evidence materials
contained in electronic data, and computer forensic
investigation. FRONTEO provides eDiscovery and litigation
support by making full use of its data analysis platform, "Lit i
View®", and its Predictive Coding technology adapted to Asian
languages.
For more information about FRONTEO, contact
usinfo@fronteo.com or visit
http://www.fronteo.com/global/
Safe Harbor StatementThis
announcement contains forward-looking statements. These
forward-looking statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. Among other things,
the amount of data that FRONTEO expects to manage this year and the
potential uses for FRONTEO's new service in intellectual
property-related litigation, contain forward-looking statements.
FRONTEO may also make written or oral forward-looking statements in
its reports filed with, or furnished to, the U.S. Securities and
Exchange Commission, in its annual reports to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements
about FRONTEO's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: FRONTEO's
goals and strategies; FRONTEO's expansion plans; the expected
growth of the data center services market; expectations regarding
demand for, and market acceptance of, FRONTEO's services;
FRONTEO's expectations regarding keeping and strengthening its
relationships with customers; FRONTEO's plans to invest in research
and development to enhance its solution and service offerings; and
general economic and business conditions in the regions where
FRONTEO provides solutions and services. Further information
regarding these and other risks is included in FRONTEO's reports
filed with, or furnished to the Securities and Exchange Commission.
FRONTEO does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
All information provided in this press release and in the
attachments is as of the date of this press release, and FRONTEO
undertakes no duty to update such information, except as required
under applicable law.
CONTACT:
Chief Executive Officer and Chairman of the Board
Masahiro Morimoto
Address any inquiries to
Chief Financial Officer
Naritomo Ikeue
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