ChipMOS ANNOUNCES NT$350 MILLION SHARE REPURCHASE PROGRAM
ChipMOS Technologies (IMOS) has announced a share repurchase program worth NT$350 million (approximately US$10.7 million). The company plans to repurchase up to 10 million shares from the Taiwan Stock Exchange open market, representing about 1.38% of its issued share capital.
The repurchase will be conducted between January 22 and March 21, 2025, with a price range of NT$21.18 to NT$35.00 per share. The buyback will proceed even if the stock price falls below this range. Chairman and President S.J. Cheng stated that this decision aligns with their capital allocation strategy and reflects their belief that shares are currently undervalued, representing a compelling investment opportunity.
ChipMOS Technologies (IMOS) ha annunciato un programma di riacquisto di azioni del valore di NT$350 milioni (circa 10,7 milioni di dollari USA). L'azienda prevede di riacquistare fino a 10 milioni di azioni dal mercato aperto della Borsa di Taiwan, che rappresentano circa l'1,38% del suo capitale azionario emesso.
Il riacquisto sarà effettuato tra il 22 gennaio e il 21 marzo 2025, con un intervallo di prezzo compreso tra NT$21,18 e NT$35,00 per azione. Il buyback procederà anche se il prezzo delle azioni scenderà al di sotto di questo intervallo. Il presidente e CEO S.J. Cheng ha dichiarato che questa decisione è in linea con la loro strategia di allocazione del capitale e riflette la convinzione che le azioni siano attualmente sottovalutate, rappresentando un'opportunità di investimento interessante.
ChipMOS Technologies (IMOS) ha anunciado un programa de recompra de acciones por un valor de NT$350 millones (aproximadamente 10,7 millones de dólares estadounidenses). La compañía planea recomprar hasta 10 millones de acciones en el mercado abierto de la Bolsa de Taiwán, lo que representa aproximadamente el 1,38% de su capital social emitido.
La recompra se llevará a cabo entre el 22 de enero y el 21 de marzo de 2025, con un rango de precios de NT$21,18 a NT$35,00 por acción. La recompra continuará incluso si el precio de las acciones cae por debajo de este rango. El presidente y CEO S.J. Cheng afirmó que esta decisión está en línea con su estrategia de asignación de capital y refleja su creencia de que las acciones están actualmente subvaloradas, representando una oportunidad de inversión atractiva.
ChipMOS Technologies (IMOS)는 NT$3억5천만 (약 1천7백만 달러)에 달하는 자사주 매입 프로그램을 발표했습니다. 이 회사는 대만 증권 거래소의 공개 시장에서 천만 주까지 매입할 계획이며, 이는 발행 주식 자본의 약 1.38%에 해당합니다.
매입은 2025년 1월 22일과 3월 21일 사이에 진행되며, 주당 가격 범위는 NT$21.18에서 NT$35.00입니다. 주가가 이 범위 아래로 떨어지더라도 매입은 진행될 것입니다. 회장 겸 CEO인 S.J. Cheng은 이 결정이 자본 배분 전략에 부합하며, 현재 주식이 저평가되어 있다고 믿는 것을 반영하여 매력적인 투자 기회를 제공한다고 밝혔습니다.
ChipMOS Technologies (IMOS) a annoncé un programme de rachat d'actions d'une valeur de NT$350 millions (environ 10,7 millions de dollars américains). L'entreprise prévoit de racheter jusqu'à 10 millions d'actions sur le marché ouvert de la Bourse de Taïwan, représentant environ 1,38 % de son capital social émis.
Le rachat s'effectuera entre le 22 janvier et le 21 mars 2025, avec une fourchette de prix allant de NT$21,18 à NT$35,00 par action. Le rachat se poursuivra même si le prix de l'action tombe en dessous de cette fourchette. Le président et directeur général S.J. Cheng a déclaré que cette décision est conforme à leur stratégie d'allocation de capital et reflète leur conviction que les actions sont actuellement sous-évaluées, représentant une opportunité d'investissement intéressante.
ChipMOS Technologies (IMOS) hat ein Aktienrückkaufprogramm im Wert von NT$350 Millionen (ca. 10,7 Millionen US-Dollar) angekündigt. Das Unternehmen plant, bis zu 10 Millionen Aktien am offenen Markt der Taiwan Stock Exchange zurückzukaufen, was etwa 1,38% des ausgegebenen Aktienkapitals entspricht.
Der Rückkauf wird zwischen dem 22. Januar und 21. März 2025 durchgeführt, mit einem Preisbereich von NT$21,18 bis NT$35,00 pro Aktie. Der Rückkauf wird auch fortgesetzt, wenn der Aktienkurs unter diesen Bereich fällt. Vorsitzender und Präsident S.J. Cheng erklärte, dass diese Entscheidung im Einklang mit ihrer Kapitalallokationsstrategie steht und ihren Glauben widerspiegelt, dass die Aktien derzeit unterbewertet sind und eine attraktive Investmentmöglichkeit darstellen.
- Authorization to repurchase shares worth NT$350 million (US$10.7 million)
- Buyback represents 1.38% of issued share capital, potentially increasing shareholder value
- Management's confidence in company's financial performance and growth prospects
- Flexible buyback terms allowing purchases below minimum price range
- Significant cash outlay of NT$350 million reducing available capital for operations or investments
Insights
In simpler terms: The company is using cash to buy back its own stock because they believe it's worth more than what it's currently trading for - essentially voting with their wallet that the market has it wrong.
For the average investor: Think of this like a company saying 'our stock is on sale' - they're willing to spend their own money to buy shares because they believe the market isn't recognizing their true value. The timing suggests they're positioning for what they expect to be a strong year in the chip industry.
HSINCHU, Jan. 21, 2025 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today announced that its Board of Directors has authorized a share repurchase program with the total amount up to
Under the program, the company will repurchase up to 10,000,000 shares from the open market on the Taiwan Stock Exchange, representing approximately
S.J. Cheng, Chairman and President of ChipMOS, said, "Our latest repurchase authorization is inline with our capital allocation strategy and directly reflects our view that our shares are undervalued and represent a highly compelling investment opportunity. We remain confident in our financial performance, and focused on the strategic initiatives that will help drive our continued growth and leadership success, as we work to build long-term shareholder value."
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in
Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the
Contacts:
In Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 | In the David Pasquale Global IR Partners +1-914-337-8801 |
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SOURCE ChipMOS TECHNOLOGIES INC.
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