On December 15, 2005, Rakuten, Inc. announced the new issuance of stock options as voted upon and agreed to at a Board of Directors meeting on December 15, 2005. The resolution of the new issuance of stock options was approved at the 8th Annual General Shareholders Meeting on March 30, 2005. The total number of stock options to be issued is 54,410. Each stock option represents one common share. These stock options may be exercised from March 31, 2009 to March 29, 2015 subject to company regulations and policies. The exercise price of the stock options is 91,300 yen.The intended beneficiaries of the stock options are our company's Board Directors, corporate auditors, employees and wholly owned subsidiaries' Board Directors and employees. (For full release, please refer to Japanese IR release.)
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