Fruta Fruta completes 12th series share option exercise

Fruta Fruta, Inc. announced today, October 21, 2025, the completion of the large-scale exercise of its 12th series of share options, initially issued to EVO FUND on December 15, 2023. These options, which included an exercise price revision clause, have been fully exercised as of today.

A total of 2,300,000 shares were delivered since the previous disclosure, resulting from the exercise of 23,000 share options. All previously unexercised options, amounting to 23,000, have now been exercised, leaving zero outstanding.

The exercise occurred with 8,000 options exercised on October 20, 2025, for 800,000 shares, and 15,000 options on October 21, 2025, for 1,500,000 shares, both at an exercise price of JPY180.9. The company also disclosed that the exercise exceeded the limit specified by Article 434 of the Listing Rules, justified by the condition where the exercise price of the share options was at or above the closing price of the target shares on the exchange financial products market on the resolution date.