21st Apr 2006 14:57
Sunplus Technology Co Limited21 April 2006 Sunplus Board of Directors Proposes Distribution of 2005 ProfitsIncluding Cash Dividend of NT$ 2 and Stock Dividend of NT$ 0.5Issued on: April 21st, 2006 Hsinchu Science Park, Taiwan, April 21st, 2006 - Sunplus Technology Co., Ltd. ("Sunplus" or "the company") (TAIEX: 2401, LSE:SUPD) today held a meeting of the Board of Directors and Supervisors, at whichthe Board adopted a proposal recommending distribution of cash dividend fromprofits as NT$2 per common share and stock dividend from profits as 30 sharesper 1,000 shares and from capital surplus as 20 shares per 1,000 shares.According this proposal, GDR holders will get 5% stock dividend and cashdividend NT$4 per GDR share for each GDR share represents 2 common Sunplusshares. The BOD also proposed of new shares for capital increase from 2005 profits foremployee stock bonus program. The proposed total shares for employee stock bonusare 22,500,000 shares at par value and employee cash bonus NT$25million, whichare totally equivalent to NT$250 million. The proposal will be discussed and voted on at the regular annual shareholders'meeting scheduled on June 9th 2006. The lock-up period shall be notified on theinvitation to the shareholders' meeting. Sunplus net sales (parent company only) for 2005 were NT$18,781 million, and netincome after tax was NT$2,398 million, with earnings per share of NT$2.53 basedon outstanding shares 948,729,656 million shares on 2005/12/31. Sunplus Annual shareholders' meeting will be held in Room 203 of The Associationof Allied Industries in Science Park at 9:00 AM on June 9th, 2006. Invitationsto the shareholders will be sent 30 days prior to the date of the shareholders'meeting by mail. Press Contact: Sunplus SpokesmanWayne ShenTEL: 886-3-5786005 ext 2350FAX: 886-3-5786006E-mail: [email protected] Public Relations/Investor Relations: Ann LaiTEL: 886-3-5786005 ext 2202FAX: 886-3-5786006E-mail: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SUPD.L