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| Announcement |
| Delta Electronics' Board of Directors Approves 2009 Sales Revenue |
11/03/2010 |
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| Announces a new share issuance for share swap with Cyntec and the acquisition of domestic convertible bonds issued by Bright LED Electronics Corp. through private placement |
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Taipei, Taiwan, March 11, 2010 – Delta Electronics, Inc. (Delta Electronics or the "Company") today held a meeting of the Board of Directors, at which the Board approved the 2009 Financial Results and scheduled the Company's 2010 regular shareholders' meeting.
The Board also approved the following:
1.The consolidated audited 2009 sales revenues were NT$125,510,815,000, net income after tax NT$11,657,475,000, and earnings per share NT$5.20.
2.The Company's Board announced the set up of a compensation committee under the regulation of Corporate Governance Best-Practice Principles for TSEC/GTSM Listed Companies. The committee is authorized to propose a compensation policy for board members, managers, and all employees to the Board. Mr. Y.C. Lo, an independent director, is the appointed coordinator and chairman of the committee.
3.The Company's Board resolved the new share issuance for share swap with Cyntec Co. Ltd. The share exchange ratio will be 1.07 common shares of Cyntec for 1 common share of the Company. The Company is expected to issue 123,192,696 new shares (120,530,079 shares for existing Cyntec shareholders, and 2,662,617 shares for the exercise of Cyntec employee options) at NT$10 par value per share, for total new capital of NT$1,231,926,960. The record date of the share swap is set for 2010/03/31.
4.The Company's Board announced the acquisition of domestic convertible bonds issued by Bright LED Electronics Corp. through private placement. The total monetary amount of the transaction is 7,200 units at NT$100,000 per unit with the total transaction amount NT$720,000,000, or about 9% shareholding if fully converted.
5.The Company's regular shareholder's meeting is scheduled for 10:00 AM, 2010/06/15, at Taoyuan Chuto Plaza Hotel, Golden Dragon Hall (398, Taoying Road, Taoyuan City, Taiwan, R.O.C.). The registration of title transfer of common shares will be suspended from 2010/04/17 to 2010/06/15 inclusively. Any parties that hold the Company's common shares and have not completed registration of title transfer must complete title transfer either at MasterLink Securitie Corporation before 16:30 on 2010/06/16 or through post mail stamped by 2010/06/16. |
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| Source : Investor Services |
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