Suzuki 2010 Annual Report Download - page 51

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50 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
NOTE 16:Subsequentevents
(a) The following plan for the prot distribution for the year ended March 31, 2010 was approved by the ordinary general
meeting of shareholders of the Company held on June 29, 2010. As a result, annual dividend including interim dividend (5
yen per share) shall be 12 yen per share:
Millions of yen
Thousands of
U.S. dollars
Year-end cash dividends ................................................... ¥3,901 $41,935
(b) At the board meeting held on June 3, 2010, the Board of Directors of the Company adopted a resolution to issue new
shares by third-party allotment to Volkswagen AG, and the payment procedures was completed on June 23, 2010. The
outline is as follows.
1. Outline of issue of new shares by third-party allotment
(1) Number of shares to be newly issued: 3,660,000 shares of common stock
(2) Offer price: 1,755 yen per share
(3) Total amount of offer price: 6,423,300,000 yen
(4) Amount of capital incorporation: 877.50 yen per share
(5) Total amount of capital incorporation: 3,211,650,000 yen
(6) Offer or transfer method Third-party allotment
(Allotted party) Volkswagen AG
(7) Payment period: From and including June 23, 2010 to and including July 5, 2010
(8) Rationale and objective
As a result of the conversion of the “3rd Unsecured Convertible Bonds” issued by Suzuki due to maturing, the
percentage of the number of Suzuki shares held by Volkswagen AG (VW) was 19.37%, less than 19.89% of the
total number of the issued shares, as of the last day of March 2010, in accordance with the comprehensive agree-
ment between Suzuki and VW, upon request of VW, Suzuki issues new shares to VW so that the above-mentioned
percentage equals 19.89%.
(9) Intended use of funds procured
Mainly be applied to equipment funds for research and development for automobile business.
2. Change in total number of shares issued and amount of common stock as a result of capital increase by third-party
allotment
・
Total number of shares issued before the third-party allotment: 557,387,304 shares
(Common stock: 134,803,112,161 yen)
・
Increase in number of shares by the third-party allotment: 3,660,000 shares
(Increased amount of common stock: 3,211,650,000 yen)
・
Total number of shares issued after the third-party allotment: 561,047,304 shares
(Common stock: 138,014,762,161 yen)