SPIL Board of Directors Proposes NT$2.73 Dividend, Including NT$1 Stock Dividend and NT$1.73 Cash Dividend
biz.yahoo.com
Thursday March 23, 3:37 am ET
TAICHUNG, Taiwan, March 23 /Xinhua-PRNewswire-FirstCall/ -- Siliconware Precision Industries Co., Ltd. ("SPIL" or "the Company") (TAIEX: 2325.TT; Nasdaq: SPIL) today held a meeting of Board of Directors, at which the Board adopted a proposal recommending distribution of a dividend of NT$2.73 per common share, including a stock dividend of NT$1 per share and a cash dividend of NT$1.73 per share. The proposal will be discussed and brought to a vote at the company's regular shareholders' meeting scheduled on June 12, 2006. The Board of Directors also approved:
1. Approved the 2005 Business Report. Net sales for 2005 were NT$ 43,078
million, and net income was NT$ 8,244 million with EPS of NT$ 3.59
per share.
2. Approved a proposal for distribution of 2005 profits:
(1) A dividend of NT$2.73 per share will be distributed to the common
shareholders, including a stock dividend of NT$1 per share and a
cash dividend of NT$1.73 per share.
(2) Employees' bonus will be distributed in both stock and cash,
including NT$268 million distributed in stock at par value and
NT$463 million distributed in cash.
(3) After the distribution, SPIL's total shares outstanding will
increase by approximately 268 million shares.
(4) Regarding the proposed stock and cash dividends, if the rate of
dividends distribution of the outstanding shares is affected and
changed due to factors such as the Company subsequently issues
stocks to the holders of overseas convertible bonds who exercise
their right of conversion into shares, it is requested that the
shareholders' meeting authorize the Board of Directors to handle
such matters with full power.
3. The Board of Directors has proposed a partial revision to Article 30
of the Company's Articles of Incorporation to amend the Directors'
and Supervisors' remunerations from existing 2% of the remaining
amount after deducting necessary items to 1% or below 1%. After
approval by Regular Shareholders' meeting, this amendment will become
effective for the distribution of 2006 profits.
4. Approved to schedule the 2006 Regular Shareholders' meeting on June
12, 2006 in Taichung, Taiwan. |
