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42
D-LINK CORPORATION AND SUBSIDIARIES
Notes to the consolidated financial statements
(Continued)
2013 2012
Amount
per share Amount
Amount
per share Amount
Dividends distributed to
common shareholders
ġ Cash $ 1.00 608,773 1.00 608,773
ġ Shares 0.20 121,754
- -
Total
$ 730,527
608,773
Employees’ bonuses – cash $ 7,454 2,810
Directors’ and supervisors’
remuneration 7,454
2,810
$ 14,908 5,620
The above distribution of 2013 and 2012 earnings was approved by the board of directors,
and the amount was consistent with recorded expenses. For information as related to
earning distribution, please refer to the website of the Market Observation Post System.
(4) Treasury stock
Under Article 28-2 of the Securities and Exchange Act, the Company’s board of directors passed
a resolution on January 14, 2013, June 22, and October 30, 2012 and March 23, 2011 to buy back
its shares from the open market and to transfer the shares to its employees.
The board of directors resolved to buy back 12,000 thousand shares of treasury stocks amounting
to $324,186 thousand. The Company cancelled the treasury shares without having to transfer to
its employees within three years on September 29, 2014. The cancellation process was completed
on October 17, 2014.
In addition, the Company should not pledge its treasury shares nor exercise voting rights before
transferring to employees.
2014 2013
Shares
(in thousands) Amount
Shares
(in thousands) Amount
Beginning balance 38,807 $ 807,960 23,807 530,547
increased (decreased) (12,000)
(324,186) 15,000 277,413
Ending balance
26,807
$ 483,774 38,807 807,960
Based on the Securities and Exchange Act, the number of repurchased shares should not exceed
10% of the Company’s issued and outstanding shares, and the total purchase amount should not
exceed the sum of the retained earnings, additional paid-in capital in excess of par, and paid-in
capital.