On January 26, 2005, D-Link completed its capital reduction for NT$33.2 million, from NT$5,508,242,360 to NT$5,475,022,360, representing 0.60% of total outstanding shares. D-Link executed its sixth share buyback program between August 12, 2004, and October 12, 2004. The total number of shares bought back was 3,322,000, for a total expenditure of NT$112,045,000, or an average repurchase price of NT$33.73 per share.
According to Article 28-2 of the Taiwan Securities and Exchange Law, those buyback shares should be used to cancel the capital, and such cancellations should be executed within six months after the date of buyback completion. Therefore, the board resolved on December 27, 2004 to cancel 3,322,000 shares of capital. After completing the cancellation effective on January 26, 2005, current outstanding capital comprises 547,502.236 shares.
Article translated by John McClure and edited by John McClure
