ChipMOS Finalizes Repurchase of 12.2% Ownership From ThaiLin

HSINCHU, Jan. 16, 2014 — (PRNewswire) —

HSINCHU, Jan. 16, 2014 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services, today announced that it has closed the second tranche of its previously announced share repurchase from its subsidiary, ThaiLin Semiconductor Corporation ("ThaiLin").  Pursuant to pricing agreement, 2,093,705 shares were repurchased at the price of US$17.79 per share by ChipMOS, with the shares cancelled immediately after the repurchase.  This follows the November 26, 2013 repurchase of 2,000,000 shares by ChipMOS from ThaiLin at the price of US$15.60 per share.  In total, ChipMOS has now repurchased the full 12.2% ownership position in ChipMOS from ThaiLin. 

The purchase price of the shares at each of the Closings was determined by the arithmetic mean of the closing prices of the Company's Common Stock traded on the NASDAQ over the twenty (20) consecutive trading days prior to the preceding fifth day of each of the First Closing Date and the Second Closing Date multiplied by zero point nine three (0.93), reflecting a seven percent (7%) discount.  Each of the Closings was subject to the purchase price of the shares falling within a range of US$13.00 per share to US$19.92 per share.

The Company's outstanding share count is expected to remain approximately 30 million because the 4.1 million shares repurchased from ThaiLin were previously treated as treasury shares and not included in the Company's share count. 

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ: IMOS) ( http://www.chipmos.com) is an industry leading provider of semiconductor testing and assembly services. 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.  The Company's majority-owned subsidiary, ChipMOS TECHNOLOGIES INC. ("ChipMOS Taiwan"), is listed on the Gre Tai Securities Market under Stock Ticker 8150.

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.

Contacts:

In Taiwan

Dr. S.K. Chen

ChipMOS TECHNOLOGIES (Bermuda) LTD.

+886-6-507-7712

s.k._chen@chipmos.com

 

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com  

SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.

Contact:
ChipMOS TECHNOLOGIES (Bermuda) LTD.
ThaiLin Semiconductor Corporation
Web: http://www.chipmos.com




Review Article Be the first to review this article

ALDEC:

Featured Video
Editorial
Peggy AycinenaWhat Would Joe Do?
by Peggy Aycinena
Reverie: All That Glitters is not Past
More Editorial  
Jobs
SoC Design Engineer for Intel at Santa Clara, CA
Digital and FPGA Hardware Designer for Giga-tronics Incorporated at San Ramon, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Senior Physical Design Engineer for Ambiq Micro at Austin, TX
Development Engineer-WEB SKILLS +++ for EDA Careers at North Valley, CA
Upcoming Events
DesignCon 2017 Conference Jan 31 - Feb 2, 2017, Santa Clara Convention Center, Santa Clara, CA at Santa Clara Convention Center Santa Clara CA - Jan 31 - 2, 2017
IPC/Apex Expo 2017, Feb 14-16, 2017, San Diego Convention Center, San Diego, CA at San Diego Convention Center San Diego CA - Feb 14 - 16, 2017
Zuken Innovation World 2017, April 24 - 26, 2017, Hilton Head Marriott Resort & Spa in Hilton Head Island, SC at Hilton Head Marriott Resort & Spa Hilton Head Island NC - Apr 24 - 26, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy