26. DiviDenDs For the year ended 31 March 2013 The Company adopts share option plans and grants share  options to directors and corporate executives of the Company.  The purpose of share option plans is to improve the sensitivity  to the share price and the Group’s financial results and also  increase the value of the Group by motivating the members to  whom share options are granted. After obtaining approval at the meeting of shareholders,  options are granted as subscription rights to shares to individuals  approved at the Company’s board of directors meeting. Under the plans, each share option entitles the recipient to  acquire 100 ordinary shares at an exercise price equal to 1 yen  (3,690 and 3,209 yen before 2004) per share. Directors and corporate executives to whom the share sub- scription rights are granted can exercise their share subscrip- tion rights only from the following day of their resignation. Share  options not exercised during the exercise period defined in the  allocation contract will be forfeited. Financial Section Annual Report 2014 _  Astellas Pharma Inc.  131 (1) Outline of share option plans 27. share-BaseD payMent (2) Dividends whose record date is in the fiscal year ended 31 March 2013 but whose effective date is in the following fiscal year are  as follows: (1) Dividends paid (2) Dividends whose record date is in the fiscal year ended 31 March 2014 but whose effective date is in the following fiscal year are  as follows: (1) Dividends paid For the year ended 31 March 2014 Resolution Class of shares Amount of  dividends  (Millions of yen) Dividends  per share  (yen) Record date Effective date Ordinary general meeting of shareholders held on 20 June 2012 Ordinary shares ¥30,025 ¥65.00 31 March 2012 21 June 2012 Board of directors meeting held on 1 November 2012 Ordinary shares 30,026 65.00 30 September 2012 3 December 2012 Resolution Class of shares Amount of  dividends  (Millions of yen) Dividends  per share  (yen) Record date Effective date Ordinary general meeting of shareholders held on 19 June 2013 Ordinary shares ¥29,326 ¥65.00 31 March 2013 20 June 2013 Resolution Class of shares Amount of  dividends  (Millions of yen) Dividends  per share  (yen) Record date Effective date Ordinary general meeting of shareholders held on 19 June 2013 Ordinary shares ¥29,326 ¥65.00 31 March 2013 20 June 2013 Board of directors meeting held on 1 November 2013 Ordinary shares 29,329 65.00 30 September 2013 2 December 2013 Resolution Class of shares Amount of  dividends  (Millions of yen) Dividends  per share  (yen) Record date Effective date Ordinary general meeting of shareholders held on 18 June 2014 Ordinary shares ¥31,236 ¥70.00 31 March 2014 19 June 2014