Board of Directors resolved to issue new shares through capital increase from earnings
· Issued by Silicon Integrated Systems Corp.
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Today's Information
Provided by: Silicon Integrated Systems Corp.
SEQ_NO
3
Date of announcement
2022/03/10
Time of announcement
17:51:58
Subject
Board of Directors resolved to issue new shares
through capital increase from earnings
Date of events
2022/03/10
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/10
2.Source of capital increase funds:Distributable earnings of 2021.
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):
NT$681,444,860 and 68,144,486 shares.
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:N/A
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:N/A
7.Par value per share:NT$10
8.Issue price:N/A
9.Number of shares subscribed for by or allocated to employees:N/A
10.Number of shares publicly sold:N/A
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:Free allotment of 100 shares per thousand shares.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:
If the new shares distributed to shareholders from this
capital increase is less than one full share, shareholders
may consolidate them by handling respective procedures
at the Company's stock transfer agent, Stock Affairs
Department. For those shares which cannot be consolidated
within the specified period or still remain insufficient,
cash will be distributed instead (rounded to the dollar),
and the Chairman shall be authorized to designate specific
persons for purchase of these by cash at par value.
13.Rights and obligations of these newly issued shares:
Rights and obligations of these newly issued shares are
the same as those of the original shares.
14.Utilization of the funds from the capital increase:
To increase working capital, therefore enhance market competitiveness.
15.Any other matters that need to be specified:
(1)After the approval from 2022 annual shareholders' meeting and
the competent authority, the annual Shareholders' meeting will
propose to authorize the Board of Directors to decide record
date for capital increase.
(2)If the above-mentioned matters related to the capital increase
are amended by the competent authority or changed due to the
needs of the objective environment, the shareholders' meeting
shall authorize the board of directors to handle them with
full authority.
(3)If number of outstanding common stock shares are changed due to
transfer or cancellation of treasury stocks causing dividend
payout ratio to change and requires amendments, the Board of
Directors have full authority to make amendments.
