Nissan 2006 Annual Report Download - page 93

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FINANCIAL SECTION
Nissan Annual Report 2005 91
22. SUBSEQUENT EVENTS
a) In accordance with Articles 280-20 and 280-21 of the Commercial Code of Japan and a resolution approved at the annual general meeting of
the shareholders held on June 21, 2005, the Board of Directors of the Company resolved on April 25, 2006 to grant stock subscription rights
free of charge to certain key employees of the Company and certain directors of the Company’s subsidiaries effective May 8, 2006. The
holders of these rights are entitled to subscribe for shares of common stock of the Company at a fixed price of ¥1,526 per share. The
maximum aggregate number of units and shares granted for subscription were 132,200 units and 13,220,000 shares, respectively.
b) The following appropriations of retained earnings which have not been reflected in the accompanying consolidated financial statements as of
and for the year ended March 31, 2006, were approved at a shareholders’ meeting held on June 27, 2006:
Thousands of
Millions of yen U.S. dollars
Year-end cash dividends
(¥15.00 = U.S.$0.128 per share).................................................................................................................................................................... ¥65,979 $563,923
Bonuses to directors ............................................................................................................................................................................................................... 390 3,333