Amkor Technology, Inc. 5 3/4% Convertible Subordinated Notes Due 2003.Business Editors/Hi-Tech Writers WEST CHESTER, Pa.--(BUSINESS WIRE)--May 11, 2001 Amkor Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMKR AMKR Amkor Technology ) has called for redemption on May 28, 2001 all of the Company's 5 3/4% Convertible Subordinated Notes Due 2003. Approximately $50,191,000 aggregate principal amount at maturity of the Notes are currently outstanding. The aggregate redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. of the Notes is approximately $51,561,716. Prior to 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on May 25, 2001, holders may convert their Notes into shares of the Company's Common Stock at a conversion rate of 74.07407 shares of the Company's Common Stock per $1,000 principal amount at maturity of Notes. On May 10, 2001, the last reported sale price of the Common Stock on the NASDAQ was $24.15 per share. Alternatively, holders may have their Notes redeemed at a total redemption price of $1,027.31 per $1,000 principal amount at maturity of Notes, consisting of (a) a redemption price of $1,023, plus (b) accrued interest Accrued Interest The interest that has accumulated on a bond since the last interest payment up to but not including the settlement date. There are two methods for calculating accrued interest: 1) 360-day year method, used for corporate and municipal bonds. of $4.31 per $1,000 principal amount at maturity of Notes. Any Notes not converted on or before 5:00 p.m., New York City time, on May 25, 2001, will be automatically redeemed on May 28, 2001, after which interest will cease to accrue. So long as the market price of the Common Stock is at least $13.87 per share, a holder of the Notes who converts will receive Common Stock with a market value greater than the amount of cash the holder would be entitled to receive upon redemption. A Notice of Redemption is being mailed to all registered holders of the Notes. Copies of the Notice of Redemption may be obtained from the conversion and paying agent Paying Agent An agent who accepts payments from the issuer of a security and then distributes the payments to the holders of the security. Also known as a "disbursing agent. , State Street Bank and Trust Company The State Street Bank and Trust Company is a bank. It was a subsidiary of the State Street Corporation, until it sold off the retail banking portion of this unit in 1999 to Citizens Financial Group (a subsidiary of the Royal Bank of Scotland), of Providence, RI. , by calling Ken Ring at 617/662-1684 or from the Company, by calling Harold Earley at 610/431-9600. Amkor Technology, Inc. is the world's largest provider of contract microelectronics manufacturing solutions. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services, including deep sub-micron wafer fabrication; wafer probe, wafer mapping, characterization and reliability testing; IC packaging design and assembly; multi-chip module design and assembly; and final testing. More information on Amkor is available from the company's SEC filings and on Amkor's web site: www.amkor.com. |
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