News

BOD approved the Company’s Capital Increase by Issuance of New Shares

Provided by: Wisdom Marine Lines Co., Limited
SEQ_NO1 Date of announcement20190726
SubjectBOD approved the Company’s Capital Increase by Issuance of New Shares
Date of events2019/07/26 To which item it meetsarticle 4 paragraph 11
Statement
1.Date of the board of directors resolution:2019/07/26
2.Source of capital increase funds:Issuance of new shares
3.Number of shares issued:Not exceeding 40,000,000 commom shares
4.Par value per share:NT$10
5.Total monetary amount of the issue:No more than NT$400,000,000(Par value)
6.Issue price:The Chairman shall be authorized to set the the Issuance Price 
for the Issuance of New Shares at no lower than 90% of any of the following:
(1)The closing price of the Company’s shares on the last trading day before 
the Pricing Date.
(2)The simple arithmetic average of the Company’s closing share price over 
the last 3 trading days before the Pricing Date.
(3)The simple arithmetic average of the Company’s closing share price over 
the last 5 trading days before the Pricing Date.
7.Number of shares subscribed by or allotted to employees:15% for 
subscription by employees.
8.Number of shares publicly sold:Apart from the 15% of the issued shares 
to be reserved for employee subscription at the actual issue 
price according to Article 267 of the Company Act, the remaining 85% shares 
will be subject to Article 28-1 of the Securities Exchange Act, and the 
existing shareholders waive the right to subscribe before the shares all 
become publicly offered based on the book building method.

9.Ratio of shares subscribed by or allotted as stock dividends to existing
  shareholders:Not applicable.
10.Method of handling fractional shares and shares unsubscribed by the 
   deadline:The Chairman shall be fully authorized to arrange for subscription 
by specific persons at the Issuance Price, of any unsubscribed shares or 
subscription of shares waived by employees.
11.Rights and obligations of the newly issued shares:Same as current commom
  shares
12.Utilization of the funds from the capital increase:the expansion of 
the Company’s fleet
13.Any other matters that need to be specified:
(1)The Chairman shall be authorized to take all actions required under or 
relating to the of Issuance of New Shares, including but no limited to the 
amendment of issuance terms, project items, and other related matters 
required by the competent authorities, stock exchange and/or other related
associations/entities.
(2)The Chairman or any one Director or the Secretary shall be authorized 
to take all actions required under or relating to the Issuance of New Shares,
including but not limited to approving all regulatory filing documents to be
filed with the competent authorities, stock exchange and/or other related 
associations/entities, and to sign any and all related documents and contacts
on behalf of the Company
(3)The existing shareholders would have the right to participate in the book 
building following up on the related regulations announced by the Company.