Hsinchu, Taiwan, November 18, 2011 -- ChipMOS TECHNOLOGIES
(Bermuda) LTD. ("ChipMOS" or the
"Company") (Nasdaq: IMOS) today announced it would
effect its US$10 million share repurchase program in
compliance with Rule 10b5-1 and Rule 10b-18 under the
Securities Exchange Act of 1934, as amended (the
"Exchange Act").
The Company announced approval of the share repurchase
program for up to the maximum aggregate purchase price of
US$10 million by the Company's Board of Directors in a
Company's press release dated October 3, 2011. In the
same press release, the Company indicated it intended to
effect the repurchases commencing in the fourth quarter of
2011 in accordance with the requirements of Rule 10b-5-1 and
Rule 10b-18 under the Securities Exchange Act of 1934, as
amended.
Shares will be repurchased pursuant to a written plan agreed
to and entered into between the Company and its broker. The
plan specifies the total value of shares of the Company's
common stock that may be repurchased and the prices at which
the repurchases may occur, subject to the terms and
conditions of the plan and applicable law requirements.
Purchases under the plan are subject to certain pricing
parameters that depend in part upon market prices that
fluctuate. Therefore there is no guarantee as to the number
of shares that may be repurchased under the plan. The
repurchased shares will be retired and cancelled.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS (http://www.chipmos.com) is a leading independent
provider of semiconductor testing and assembly services to
customers in Taiwan, Japan, and the U.S. With advanced
facilities in Hsinchu and Southern Taiwan Science Parks in
Taiwan and Shanghai, ChipMOS and its subsidiaries provide
testing and assembly services to a broad range of customers,
including leading fabless semiconductor companies, integrated
device manufacturers and independent semiconductor
foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be
viewed as "forward-looking statements" within the
meaning of Section 27A of the U.S. Securities Act of 1933, as
amended, and Section 21E of the U.S. Securities Exchange Act
of 1934, as amended. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors,
which may cause the actual performance, financial condition
or results of operations of the Company to be materially
different from any future performance, financial condition or
results of operations implied by such forward-looking
statements. Further information regarding these risks,
uncertainties and other factors is included in the
Company's most recent Annual Report on Form 20-F filed
with the U.S. Securities and Exchange Commission (the
"SEC") and in the Company's other filings with
the SEC.
ChipMOS Technologies (Bermuda) Ltd
Equities
BMG2110R1144
Semiconductor Equipment & Testing
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