Taipei, Taiwan, R.O.C. — March 27, 2001, - United Microelectronics Corporation (TAIEX: 2303, NYSE: UMC), (UMC) today held a meeting of the Board of Directors and Supervisors, at which the Board adopted a proposal recommending distribution of dividend of NT$ 1.5 per common share. At the meeting, the Board of Directors and Supervisors also:
Chairman John Hsuan comments: "UMC's management is fully committed to shareholder value and has exercised the strictest disciplines with regards to upholding corporate principles. These policies set forth are a reflection of our Company culture and will clearly set us apart from the industry through our focus on long-term prosperity vs. short-term gains." He also notes the reasons behind the Board's decision for retaining majority of earnings:
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* Calculation assuming closing price of March 26, 2001 |
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