TECO Electric & Machinery: Announcement that the Board of Directors of the Company has decided to issue new shares by capital increase by incorporation of profits.

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Supplied by: TECO ELECTRIC & MACHINERY CO., LTD.

SEQ_NO

4

announcement date

2022/05/30

Announcement time

19:28:05

Matter

 Announcement that the Company's Board of Directors
resolved to issue new shares through the increase of
capital by capitalization of earnings.

Date of events

2022/05/30

What item it responds to

paragraph 11

Statement

1.Date of the board of directors resolution:2022/05/30
2.Source of capital increase funds:Distributable retained earnings
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
 No
4.Total monetary value of the issuance and number of shares issued (shares
 issued not including those distributed to employees if consisting in
 capital increase from earnings or capital surplus):
 NT$ 693,297,480, 69,329,748 shares.
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:N/A
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:N/A
7.Par value per share:NT$10
8.Issue price:N/A
9.Number of shares subscribed for by or allocated to employees:N/A
10.Number of shares publicly sold:N/A
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:
 For every 1,000 shares, about 135.7 new shares will be issued by earnings.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:Authorize chairman to contact specific person to subscribe it.
13.Rights and obligations of these newly issued shares:
 Rights and obligations of these newly issued shares are the same as those
 of the original shares, and the new shares issued from capital increase
 adopt non-physical issuance.
14.Utilization of the funds from the capital increase:
 To increase working capital.
15.Any other matters that need to be specified:None

Disclaimer

Teco Electric & Machinery Co. Ltd. published this content on May 30, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on May 30, 2022 4:28:05 PM UTC.

Public now 2022

All news about TECO ELECTRIC & MACHINERY CO., LTD.

2022 sales 57,632M
1,968 million
1,968 million
2022 net income 3,082 million
105 million
105 million
Net cash 2022 1,600 million
54.6 million
54.6 million
PER 2022 ratio 20.7x
2022 return 3.64%
Capitalization 63,806M
2,178M
2,178M
EV / Sales 2022 1.08x
EV / Sales 2023 0.98x
# of employees 26,676
Floating 74.1%

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Number of analysts 4
Last closing price TWD30.25
Average target price TWD34.50
Average Spread / Target 14.0%


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