Compal Electronics, Inc. (2324.TW/2324 TT) today held a meeting of Board of Directors, at which the “Shares buyback” was carried.
“The purpose of “Shares buyback” is to maintain the shareholders’ interest” Compal said.
The target volume of Share Repurchase is 100 million shares, accounted for 2.26% of total outstanding shares, at period from April 8th to June 7th, 2011.
Price range of share buyback will be between NT$ 25.65 and NT$ 49.19. All shares will be bought from open market and to be retired.
Media Contact:
Gary Lu
Senior Vice President and Spokesperson
Tele: 886 (0)2 8797-8588