Weltrend Semiconductor : Announcing that the aggregate consideration for the tender offer of SENTELIC has been deposited into the mandated institution's segregated account
Announcing that the aggregate consideration for
the tender offer of SENTELIC has been deposited into the
mandated institution's segregated account
Date of events
2022/08/18
To which item it meets
paragraph 38
Statement
1.Date of occurrence of the event:2022/08/18
2.Cause:
The tender offeror has deposited consideration to be paid by the tender
offeror, which is a total of NT$1,117,119,600, into the Tender Offer
Special account in the name of "Taishin Securities Co., Limited"
("Taishin Securities") at Taishin Bank Jianpei Branch on August 18, 2022.
The account name is "Taishin Securities' Tender Offer Special TDCC Account"
,and the account number is "2068-01-00230030". The announcement is hereby
made pursuant to Subparagraph 3, Paragraph 2, Article 19 of the
Regulations Governing Tender Offers for Securities of Public Companies.
3.Countermeasures:
When all conditions of the tender offer are fulfilled and the tender
offeror or the financial institution who issuing the performance guarantee
has completed the remittance on time, Taishin Securities, the Tender Offer
Agent, will perform payment of the consideration of the Tender Offer
within 5 business days (inclusive) after the expiration day of the tender
offer period (or the extended tender offer period, as the case may be).
Taishin Securities will pay the consideration by transfer to the bank
account of the offeree in the Tender Offer ("Offeree") provided by the
TDCC. If there is an error with information of bank account of the offeree
or the remittance cannot be completed due to other reasons, Taishin
Securities will mail a check (Payee Names Underlined and Endorsement
Transfers Prohibited) to the address of offeree provided by the TDCC or
offeree on the next business day after the confirmation that the
remittance cannot be made. Calculation of the amount of transfer/check
will be based on the consideration for shares tendered less securities
transaction taxes, remittance fee/postage, fees charged on depository
accounts and by securities dealers, and other expenses, and then rounded
to the nearest dollar.
4.Any other matters stipulated by the SFB:None
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Weltrend Semiconductor Inc. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 06:03:06 UTC.
Weltrend Semiconductor, Inc. is a Taiwan-based company principally engaged in the research, development, production, testing and distribution of integrated circuits (ICs). The Company provides digital and analog mixed application specific integrated circuits (ICs), digital ICs, analog ICs and others. Its IC products are applied in liquid crystal display (LCD) televisions, digital versatile disks (DVDs), set top boxes (STBs), light emitting diodes (LEDs), sports equipment display panels, medical equipment, personal computers, as well as game devices, home appliances and others. It also provides commission services for electronic components. The Company distributes its products in both domestic and overseas markets.
Weltrend Semiconductor : Announcing that the aggregate consideration for the tender offer of SENTELIC has been deposited into the mandated institution's segregated account