Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities::Capital Reduction through Cancellation of the Shares Repurchased in 2012

Issuer & Securities

Issuer/ Manager
ACER INCORPORATED
Securities
ACER INC US$200M CB170810 - XS0528416315 - 4ISB
Stapled Security
No

Announcement Details

Announcement Title
Announcement in Relation to Regulatory Actions by SGX and/or Other Authorities
Date &Time of Broadcast
06-Aug-2015 18:59:47
Status
New
Announcement Sub Title
Capital Reduction through Cancellation of the Shares Repurchased in 2012
Announcement Reference
SG150806OTHRAI2N
Submitted By (Co./ Ind. Name)
Nancy Hu
Designation
CFO
Effective Date and Time of the event
06/08/2015 19:00:00
Description (Please provide a detailed description of the event in the box below)
1. Date of the board of directors resolution:2015/08/06
2. Reason for the capital reduction:Pursuant to Article 28-2 of
Securities and Exchange Act, the Company shall proceed with
transfer of the shares repurchased for the purpose of transfer
to employees within three years from the last day of buyback
period. Those shares which are not transferred to employees
within the aforesaid period shall be deemed as unissued shares
of the Company,and the Company shall proceed with cancellation
of said shares accordingly.
3. Amount of the capital reduction:NT$ 100,000,000
4. Cancelled shares:10,000,000 shares
5. Capital reduction ratio:around 0.323% of the share capital
6. Share capital after the capital reduction:NT$ 30,865,678,280
7. Scheduled date of the shareholders' meeting:N/A
8. Estimate listed shares, the ratio of listed shares to outstanding
shares, after the capital reduction:N/A
9. Countermeasures of the aforesaid estimate change in shareholding
after the capital reduction:N/A
10. Any other matters that need to be specified:
It is proposed to set August 31st, 2015 as record date of capital
reduction