 2005-03-22 |
|
|
(Central News Agency)
Date: March 22, 2005
Listed Company: YC (4306)
Spokesperson: Li-Wei Chen
Position: Chief Financial Officer
Contact: 02-29033102
Subject: Board Resolution on New Share Issuance through Capitalization of Earnings in Compliance with Article 2, Clause 11
Date of Occurrence: March 18, 2005
Explanation:
- Date of Board Resolution: March 18, 2005.
- Source of Capital Increase: Undistributed earnings from 2004 and prior years.
- Number of Shares Issued: 6,248,857 shares.
- Par Value per Share: 10 NT dollars.
- Total Issuance Amount: NT$62,488,570.
- Issue Price: Not applicable.
- Shares Allocated for Employee Subscription or Distribution: Not applicable.
- Shares for Public Sale: Not applicable.
- Ratio for Existing Shareholders: 80 shares per 1,000 shares held.
- Handling of Fractional Shares and Unsubscribed Shares: Fractional shares can be combined by shareholders within five days after the ex-dividend date through YC's stock agent. Remaining fractional shares will be paid in cash at par value, rounded to the nearest NT dollar. The Chairman is authorized to negotiate with specific parties for any unsubscribed shares.
- Rights and Obligations of Newly Issued Shares: Same as existing shares.
- Purpose of Capital Increase: To enhance operational funds.
- Other Notes:
(1) If capital increases due to the exercise of convertible bonds or cash capital increases affect the number of outstanding shares, adjustments to the share ratio or per-share distribution amount will be authorized by the shareholders for the Board to handle per applicable regulations.
(2) This capital increase proposal will be submitted for approval at the upcoming shareholders’ meeting and, pending regulatory approval, the Board will set the ex-dividend record date.
|
|
