19th Oct 2006 10:49
Sunplus Technology Co Limited19 October 2006 Sunplus Board Proposed Capital ReorganisationNT$5.1 billion return of capital to shareholders Issued on 2006/10/19 Hsinchu Science Park, Taiwan, R.O.C., October 19th, 2006 - Sunplus TechnologyCo., Ltd. (TAIEX: 2401, FTSE: SUPD) today announced that the Board Meeting isproposing the capital reorganisation and called an extraordinary shareholders'meeting, to be held on December 8th, 2006, to obtain shareholders approvalfor the proposed return of capital of approximately NT$5.1 billion cash toshareholders. Under the proposed return of capital, total cash NT$5,114,357,580 will bereturned to shareholders and there will be 511,435,758 shares reduced afterreturn of capital. Based on the outstanding 1,022,871,515 share on 2006/10/18,approximately NT$5 per share will be paid to shareholders, representingapproximately 50% reduction from its original 1,022,871,515 outstanding shareson 2006/10/18. The GDR shareholders will enjoy same paid-out rate with commonshareholders while every 1GDR represents 2 common shares. Sunplus will hold an extraordinary shareholders' meeting to discuss thisproposal at 9:00am on December 8th, 2006 in Room 203 of the Association ofIndustries in Science Park in Hsinchu. The shareholders' register shall beclosed for registration of transfer from November 9th, 2006 through December8th, 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SUPD.L