Reported 10 months ago
TSMC announced the repurchase of 592 shares of treasury stocks to offset the dilution impact caused by issuing new stocks for employee stock benefits on June 17, 2024. The buy-back amount reached NT$540 million at an average price of NT$917.97 per share, with an execution rate of 18.22%, expected to be completed by August 5. This move aims to maintain shareholder rights, and the repurchased shares will be eliminated. TSMC has been actively repurchasing treasury stocks above NT$900, indicating confidence in future prospects amidst market speculation about the recent slight decrease in stock price on June 17. Analysts forecast improved financial performance in the third quarter due to high utilization of 3 and 5 nanometer production capacities and potentially rising profit margins. TSMC has been implementing measures to attract and retain senior executives since 2021, aligning employee rewards with shareholder interests and ESG achievements.
Source: YAHOO