VANCOUVER, CANADA -- October 8, 2001 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NASDAQ/NM Symbol: NTAI and NTAIW; CBOE Symbol: QNA) announced that a Nam Tai independent director elected to exercise a warrant to purchase 300,000 common shares at $10.25 per share. Nam Tai will realize $3,075,000 in proceeds from the exercise of the warrant.
The record date for the third quarter dividend of $0.10 per share is September 30, 2001 and the payment date is October 21, 2001.
Third Quarter Results
Nam Tai will release its unaudited third quarter results for the period ended September 30, 2001 before the market opens on Monday, October 29, 2001.
The Company will hold a conference call on Monday, October 29, 2001 @ 10:00 a.m. Eastern Time for analysts to discuss the third quarter results with management. Analysts who wish to receive the toll free dial-in number for this conference call are invited to contact the Investor Relations Office at 1-800-661-8831 no later than 6:00 p.m. Eastern Time on Friday, October 26, 2001.
Shareholders, media, and interested investors are invited to listen to the live conference call by dialing (612) 332-0820.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service provider to some of the world’s leading original equipment manufacturers. Nam Tai manufactures telecommunication products, palm-sized PCs, personal digital assistants, linguistic products, calculators and various components including LCD modules for cellular phones, lithium ion rechargeable battery packs, transformers and LCD panels. The Company utilises advanced production technologies such as chip on board (COB), chip on glass (COG), surface mount technology (SMT), ball grid array (BGA), tape automated bonding (TAB), and outer lead bonding (OLB) technologies. Further information is available on Nam Tai’s website at www.namtai.com.