Casio 2007 Annual Report Download - page 42

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40 CASIO COMPUTER CO., LTD.
14. Contingent Liabilities
At March 31, 2007, the Group was contingently liable for trade notes and export drafts discounted with banks in the amount of
¥1,960 million ($16,610 thousand).
15. Stock Option
By special resolution at the 46th annual shareholders’ meeting held on June 27, 2002, the Company introduced a stock option plan
in accordance with Article 280-20, 21 of the Commercial Code in Japan, and granted stock purchase rights at advantageous terms
to directors, corporate auditors and employees of the Company and subsidiaries, as of June 27, 2002.
The stock purchase rights can be exercised at a price of ¥699 ($5.92) per share in the period from July 1, 2004 to June 30,
2009, and a total of 191 thousand shares of common stock could be issued by the exercise of these rights. The exercise price of
stock purchase rights would be adjusted, if the Company issues new shares at a price below the market price.
By special resolution at the 47th annual shareholders’ meeting held on June 27, 2003, the Company introduced a stock option
plan in accordance with Article 280-20, 21 of the Commercial Code in Japan, and granted stock purchase rights at advantageous
terms to directors, corporate auditors and employees of the Company and subsidiaries, as of June 27, 2003.
The stock purchase rights can be exercised at a price of ¥1,221 ($10.35) per share in the period from July 1, 2005 to June 30,
2010, and a total of 78 thousand shares of common stock could be issued by the exercise of these rights. The exercise price of
stock purchase rights would be adjusted, if the Company issues new shares at a price below the market price.
By special resolution at the 48th annual shareholders’ meeting held on June 29, 2004, the Company introduced a stock option
plan in accordance with Article 280-20, 21 of the Commercial Code in Japan, and granted stock purchase rights at advantageous
terms to directors, corporate auditors and employees of the Company and subsidiaries, as of June 29, 2004.
The stock purchase rights can be exercised at a price of ¥1,575 ($13.35) per share in the period from July 1, 2006 to June 30,
2011, and a total of 148 thousand shares of common stock could be issued by the exercise of these rights. The exercise price of
stock purchase rights would be adjusted, if the Company issues new shares at a price below the market price.
16. Subsequent Events
At the annual shareholders’ meeting held on June 28, 2007, the Company’s shareholders approved the payment of a cash dividend
of ¥23.00 ($0.19) per share aggregating ¥6,346 million ($53,780 thousand) to shareholders of record as of March 31, 2007.