The Board of Directors resolved on the proposal for cash capital increase of common shares through private placement or public offering.
· Issued by Hannstar Display Corp.
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Today's Information
Provided by: Hannstar Display Corp.
SEQ_NO
5
Date of announcement
2022/02/24
Time of announcement
15:31:11
Subject
The Board of Directors resolved on the proposal
for cash capital increase of common shares through
private placement or public offering.
Date of events
2022/02/24
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/02/24
2.Source of capital increase funds:The issuance will be through either local
subscriptions or issuances of GDRs.
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
No
4.Total monetary value of the issuance and number of shares issued (shares
issued not including those distributed to employees if consisting in
capital increase from earnings or capital surplus):NA
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:NA
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:NA
7.Par value per share:NT$10
8.Issue price:To be determined by the board.
9.Number of shares subscribed for by or allocated to employees:
In accordance with the Company Law article 267, 10%~15% of the new
shares will be reserved for employees.
10.Number of shares publicly sold:To be determined in accordance with the
Securities and Exchange Law Article 28-1.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:To be determined.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:The Chairman will be entitled to match fractional shares and
unsubscribed shares with designated persons.
13.Rights and obligations of these newly issued shares:
The same as the existing common shares.
14.Utilization of the funds from the capital increase:
Enrich operating income, repay bank loans, and use for the development
of strategic alliances.
15.Any other matters that need to be specified:
The proposal for cash capital increase of common shares by issueing 500
million new common shares will be submitted to the shareholders' meeting
to authorized the Board of Directors to execute the plan through private
placement or public offering by way of alternative or combinative
processing.
