Nissan 2007 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2007 Nissan annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 93

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93

c. Dividends
1) Dividends paid
Annual general meeting of the shareholders on June 27, 2006 (Note) Common stock ¥61,329 ¥15 March 31, June 28, $519,737 $0.13
2006 2006
Meeting of the Board of Directors on October 26, 2006 (Note) Common stock ¥69,735 ¥17 September 30, November 28, $590,975 $0.14
2006 2006
Note: Total dividends have been adjusted by the portion of dividends paid to Renault.
2) Dividends, of which the cutoff date was in the year ended March 31, 2007 and the effective date will be in the year ending March 31, 2008
Annual general meeting of the shareholders on June 20, 2007 (Note) Common stock ¥69,894 Retained ¥17 March 31, June 21, $592,322 $0.14
earnings 2007 2007
Note: Total dividends have been adjusted by the portion of dividends paid to Renault.
(2) Stock Option
The Company has implemented adopted a stock option plan under which share subscription rights are granted to directors and employees of the
Company and its subsidiaries and affiliates in accordance with Articles 280-20 and 280-21 of the former Commercial Code of Japan before its
revision in 2001 and Articles 236, 238 and 239 of the Company Law in 2006.
Stock option plans NESS2003 NESS2004 NESS2005 NESS2006
Individuals covered by the Plan Employees of the Company 548 590 620 456
Directors of the Company's subsidiaries 101 96 88 72
Employees of the Company's subsidiaries 5 4 4
Total 654 690 712 528
Type and number of shares to
be issued upon the exercise of
the share subscription rights Common stock 12,405,000 12,770,000 13,150,000 13,075,000
Granted date May 7, 2003 April 16, 2004 April 25, 2005 May 8, 2006
Exercise period
Conditions for the exercise of share subscription rights are as follows:
1) Individuals to whom the share subscription rights are granted (the “Holders”) must continue their service with the Company or its subsidiaries and
affiliates in the state of being employed or entrusted until the share subscription rights become exercisable.
2) The Company's operating results must meet certain predetermined targets.
3) The Holders shall achieve their own predetermined performance targets.
Nissan Annual Report 2006-2007
62
»FINANCIAL SECTION
Resolution
Type of
shares
Total
dividends
(Millions of
yen)
Dividends
per share
(Yen) Cut-off date
Effective
date
Total
dividends
(Thousands of
U.S. dollars)
Dividends
per share
(U.S. dollars)
Resolution Type of
shares
Total
dividends
(Millions of
yen)
Resources
of
dividends
Dividends
per share
(Yen)
Cut-off
date
Effective
date
Total
dividends
(Thousands of
U.S. dollars)
Dividends
per share
(U.S. dollars)
From May 8, 2005
to May 8, 2010
From April 17, 2006
to June 19, 2013
From April 26, 2007
to June 23, 2014
From May 9, 2008
to June 20, 2015