Parade Board of Directors Approves 2012 Profit Distribution Proposal
Posted February 27th, 2013
February 27, 2013 – Parade Technologies, Ltd. (GTSM: 4966) (“Parade” or the “Company”) held a board meeting today and announced that the company’s 2013 Annual General Meeting of Members (“AGM”) is scheduled to be held at 9:00am on June 19, 2013 at 7F., No 236, Section 4, Xinyi Road, Xinyi District, Taipei City 110, Taiwan.
The board of directors also approved the following resolutions:
- 2012 profit distribution proposal: Stock dividend of NT$4.12 per share and cash dividend of NT$3.50 per share.
- 2013 Employee Restricted Stock Units (“RSU”) Plan. Total number of RSU shares to be issued is 400,000 at no consideration.
- 2013 Treasury Stock Buyback Plan. The buyback period is between 3/1/2013 and 4/30/2013. The maximum amount is NT$80.0 million for 250,000 shares. The buyback price range is between NT$171.50 and NT$320.00 per share.
The 2012 profit distribution proposal and 2013 Employee Restricted Stock Units Plan will be submitted to 2013 AGM on June 19, 2013 for approval.
About Parade Technologies, Ltd.
Parade Technologies, Ltd. (GTSM: 4966) is a leading fabless supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. Parade’s portfolio of IC products serves the growing demand for DisplayPort™, eDP™ (Embedded DisplayPort), HDMI™, MHL®, SATA, and USB ICs for display, storage and interface applications.
Parade leverages its close relationships with market-leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s “standards-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.