Hsinchu, Taiwan - MediaTek, Inc. (TWSE: 2454, “MediaTek”) Board of Directors resolved a proposal recommending distribution of a stock dividend of NT$ 0.1 and a cash dividend of NT$ 19 per share. The items for proposal will be discussed and brought to a vote at the Company’s shareholders’ meeting scheduled for 9am on June 13, 2008.
During the meeting, the Board also resolved the following items:
Resolved the 2007 Business Report and Financial Statements. Consolidated revenue of 2007 amounted to NT$ 80,672 million. Net income of 2007 was NT$ 33,593 million and earnings per share was NT$ 32.59 accordingly. Resolved a proposal for capitalization of 2007 shareholders’ dividend, employees’ profit sharing and capital augment as the following:
- A stock dividend of NT$ 0.1 and a cash dividend of NT$ 19 per share.
- Employees’ profit sharing includes 21,890,000 shares and NT$ 3,200 million in cash.
- Given abovementioned capitalization of retained earnings, the paid-in-capital will be raised to NT$10,732 million.
About MediaTek
Since 1997, MediaTek has been a pioneering fabless semiconductor company and a market leader in cutting-edge systems-on-chip (SoC) for mobile devices, wireless networking, HDTV, DVD and Blu-ray. Our tightly-integrated, innovative chip designs help manufacturers optimize supply chains, reduce the development time of new products, and extend a competitive edge in crowded markets. Through MediaTek Labs, the company is also building a developer hub that will support device creation, application development, and services for the Internet of Things era. By building technologies that help connect individuals to the world around them, MediaTek is enabling people to expand their horizons and more easily achieve their goals. We believe anyone can achieve something amazing. And we believe they can do it every single day. We call this idea Everyday Genius and it drives everything we do. Visit mediatek.com for more information.