Macronix Intends to Delist from Nasdaq
24 Settembre 2007 - 1:43PM
PR Newswire (US)
HSINCHU, Taiwan, Sept. 24 /Xinhua-PRNewswire-FirstCall/ -- Macronix
International Co., Ltd. (Nasdaq: MXIC; TSEC: 2337) announced on
September 21, 2007 that it plans to delist its American Depositary
Shares (ADS) from Nasdaq, to terminate its American Depositary
Receipts (ADR) program and to end the registration of its shares
under the US Securities and Exchange Act of 1934, as amended
(Exchange Act). Macronix is continuously seeking to optimize its
costs and believes that the ongoing costs of its ADR program are
not economically justified by the benefits, given the relatively
small proportion of trading that takes place in the form of ADRs.
Accordingly, Macronix has decided to delist and deregister its
ADRs. Macronix expects that its listing on Nasdaq will effectively
be terminated on or after October 29. As regards deregistration,
Macronix plans to file Form 15F with the SEC on or after October
29. Immediately upon filing Form 15F, Macronix will no longer have
any obligation to file annual and other reports with the SEC.
Macronix expects that deregistration will become effective 90 days
after the filing of Form 15F. A notification will be sent to ADR
holders setting forth the termination of the ADR program. Prior to
the delisting holders can elect to sell their ADSs over Nasdaq or
they are entitled to exchange their ADRs with the Bank of New York,
as depositary, for underlying Macronix common shares. Following the
delisting during a period of 12 months holders are still entitled
to exchange their ADRs for underlying Macronix common shares. At
the end of this period any remaining shares underlying the ADRs
will be sold, the proceeds of sale will be held for a time by the
depositary and the ADRs will represent only the right to receive
the cash proceeds of sale of the underlying shares. The dividend
record date remains unchanged as September 21, 2007. For further
information, please refer to the Investor Information section of
the Macronix website http://www.macronix.com/ . Macronix will
further develop its business operations in the US, but wishes to
concentrate its trading volume at Taiwan Stock Exchange Corporation
(TSEC), which reduces complexity and therefore costs. Macronix
considers US investors an important part of its investor base and
will maintain its relationship with US investors. Macronix will
make English translations of its annual reports, financial
statements and other press releases available on its web site.
Following the delisting from Nasdaq, Macronix's common shares will
continue to trade on TSEC. The Company has not arranged for listing
and/or registration of the Company's securities on another US
securities exchange or for quotation of the Company's securities on
any other quotation medium in the United States. About Macronix
International Co., Ltd. Founded in 1989, Macronix International
Co., Ltd. (TSEC: 2337) is a leading provider of innovative
Non-Volatile Memory (NVM) semiconductor solutions. Macronix is the
largest worldwide manufacturer of ROM products, and also provides a
wide range of Parallel and Serial NOR Flash products across various
densities. Through strong relationships with our customers, we
continue to develop pioneering products used in embedded, consumer
and enterprise applications. For more information, please visit the
Company's web site at http://www.macronix.com/ . Contacts: Michelle
Chang Macronix International Co., Ltd. Public Relations Tel:
+886-3-5786688 ext. 71233 Email: Douglas Sun Macronix International
Co., Ltd. Finance Center Tel: +886-3-5786688 ext. 76632 Email:
DATASOURCE: Macronix International Co., Ltd. CONTACT: Michelle
Chang , +886-3-578-6688 ext. 71233, ; Douglas Sun, +886-3-578-6688
ext. 76632, , both of Macronix Web site: http://www.macronix.com/
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