ChipMos Board Resolves To Reduce Capital; Determines Ex-dividend Record Date

(RTTNews) - ChipMOS Technologies Inc. (IMOS) said that it held a meeting of its Board of Directors on November 10, 2016 and a public announcement was issued in Taiwan regarding such resolutions.

Among other things, the company's Board resolved that due to the resignation of employees who were previously granted restricted shares, a total of 155,000 common shares previously granted to them have been forfeited.

Therefore, ChipMOS shall cancel these 155,000 common shares, representing 0.02 percent of the share capital, through a capital reduction in the amount of NT$1.55 million. The capital reduction record date is November 15, 2016 and the share capital of ChipMOS after the capital reduction will be NT$8.87 billion.

Further, the board resolved that the ex-dividend record date will be December 3, 2016. Accordingly, the book closure period will be from November 29 to December 3, 2016. The last trading date before the book closure period will be November 28, 2016.

The company noted that there are to be nine to eleven members on its Board, three to five of which are independent directors.

On May 31, 2016, ChipMOS' Annual Shareholders' Meeting elected eleven directors to the 8th Board of Directors, which is for a three-year term starting from May 31, 2016 to May 30, 2019, and five of which are independent directors.