Listing: TSX Venture Exchange
Symbol: DNX
Dynex Power Issues Shares to Directors
OTTAWA, CANADA, June 24, 2005. Dynex Power Inc., a leading, independent
power semiconductor company, today announced that it has received
approval from the TSX Venture Exchange for the issuance of 126,812
Common Shares to certain directors of the Company. These shares are
being issued in lieu of fees payable to these directors of the Company
for the year ended December 31, 2004 at an effective price of $0.5445
per share pursuant to the Company’s outside directors’ share plan. The
outside directors’ share plan was adopted and approved by the
shareholders of the Company at the annual and special shareholders’
meeting of the Company on June 4, 2002. The aggregate number of shares
available for issuance was increased by 350,000 common shares at the
annual and special shareholders’ meeting of the Company on June 3, 2004.
About the Company
Dynex is one of the world’s leading suppliers of specialist, high power
semiconductor products. Dynex Semiconductor Ltd is its main operating
business and is based in Lincoln, England in a facility housing the
fully integrated silicon fabrication, assembly and test, sales, design
and development operations. Dynex primarily designs and manufactures
high power bipolar discrete semiconductors, power modules, including
insulated-gate bipolar transistors (IGBTs), and high power electronic
assemblies. Dynex products are used world wide in power electronic
applications including electric power generation, transmission and
distribution, marine and rail traction drives, aircraft, electric
vehicles, industrial automation and controls. The Company continues to
produce and sell certain high reliability integrated circuits (IC’s) for
use in specialist applications.
Press announcements and other information about Dynex are available on
the World Wide Web at http://www.dynexsemi.com.
All monetary values expressed in this release are in Canadian dollars
unless stated otherwise.
The TSX Venture Exchange has neither approved nor disapproved of the
information in this press release.
For more information:
Robert D. Lockwood
Chief Financial Officer
Dynex Power Inc.
Tel: UK 44 (0) 1522 500500
Email: bob_lockwood@dynexsemi.com
| Copyright © 2008 Dynex Semiconductor Copyright © 1995-2008 I-Next Ltd |
We welcome your comments about this service, please send them to: power_solutions@dynexsemi.com |