Weltrend Semiconductor Inc.

08/18/2022 | Press release | Distributed by Public on 08/17/2022 23:59

Announcing that the aggregate consideration for the tender offer of SENTELIC has been deposited into the mandated institution's segregated account

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Provided by: Weltrend Semiconductor, Inc.
SEQ_NO 1 Date of announcement 2022/08/18 Time of announcement 13:51:35
Subject
 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