Listing: TSX Venture Exchange
Symbol: DNX
Lincoln, England, May 8, 2006 -- 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
137,939 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 period from July 1, 2005 to December 31, 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:
Dr. Paul Taylor
President and Chief
Executive Officer
or
Bob Lockwood
Chief Financial Officer
Dynex
Power Inc.
Tel: UK +44 1522 500500
Email: paul_taylor@dynexsemi.com
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