FRONTEO Issues Notice Regarding Grant of Stock Options
20 Julio 2017 - 7:00AM
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 (the “Board”) held a meeting on July 20, 2017 and the
Board passed a resolution authorizing the issuance of stock options
to certain employees (the “Stock Options”), in accordance with
“Issuance of Subscription Rights to Shares as Stock Options”
resolved at its 14th Ordinary General Meeting of Shareholders held
on June 29, 2017. The details are as follows:
1. Issuance date of the Stock Options |
July 21, 2017 |
2. Number of the Stock Options to be issued |
60 (the number of
shares per one (1) Share 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 |
|
6,000 common shares of
the Company |
5. Amount payable in exercising the Stock
Options |
|
JPY 806 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 403 per one (1)
share |
7. Period during which the Stock Options can be
exercised |
|
July 22, 2020 – July
21, 2023 |
8. Number of employees awarded Stock Options and number of
Stock Options awarded |
Two
employees of the Company’s subsidiaries |
60 |
|
|
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. (“FRONTEO”) (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 artificial
intelligence based on knowledge acquired through its litigation
support services. 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 e-discovery and litigation
support by making full use of its data analysis platform, "Lit i
View", and its Predictive Coding technology adapted to Asian
languages. The company name was changed from UBIC, Inc. to FRONTEO,
Inc. as of July 1, 2016.
For more information about FRONTEO, contact
global_pr@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:
FRONTEO Global PR
global_pr@fronteo.com
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