Listing: TSX Venture Exchange
Symbol: DNX
Dynex Power Issues Shares to Directors
Lincoln, England, October 13, 2005. Dynex Power Inc., a leading, high
power semiconductor company, today announced that it has received
approval from the TSX Venture Exchange for the issuance of 84,602 Common
Shares to certain directors of the Company.
The shares are
being issued in lieu of fees payable to these directors of the Company
for the period from January 1, 2005 to June 30, 2005 at an effective
price of $0.2955 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 wafer fabrication, assembly and test, sales,
design and development operations. Dynex 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 (ICs) for
use in specialist applications led by its proven radiation hard
Silicon-on-Sapphire products for space and nuclear 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 contact:
Robert D. Lockwood
Chief Financial Officer
Dynex Power Inc.
Tel: UK 44 (0) 1522 500500
Email: bob_lockwood@dynexsemi.com
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