Page 68 - TSMC 2019 Annual Report

4 3 Preferred Shares
4 3 1 Preferred Shares: None 4 3 2 Preferred Shares
with Warrants: None 4 4 4 4 Issuance of American Depositary Shares
Issuing Date
Total Amount (US$)
Offering Price Per ADS (US$)
Units Issued
Common Shares
Represented
Underlying Securities
Apportionment of Expenses for Issuance and Maintenance
Issuance and Listing
Rights and Obligations of ADS Holders
Trustee
Depositary Bank
Custodian Bank
(Note 1)
ADSs Outstanding (Note 2)
Terms and Conditions in the Deposit Agreement and Custody Agreement Closing Price Per ADS (US$ source: Bloomberg)
10/08/1997
594 720 000 24 78
24 000 000 000 000 120 000 000 000 000 TSMC Common Shares
from Selling Shareholders
(Note 3)
11/20/1998
184 554 440 15 26
12 094 000 60 470 000 TSMC Common Shares
from Selling Shareholders
01/12/1999 - 01/14/1999
35 500 000 17 75
2 000 000 000 000 10 000 000 000 000 TSMC Common Shares
from Selling Shareholders
07/15/1999
296 499 641 24 516
12 094 000 60 470 000 TSMC Common Shares
from Selling Shareholders
08/23/1999 - 09/09/1999
158 897 089 28 964
5 486 000 27 430 000 TSMC Common Shares
from Selling Shareholders
(Pursuant to ADR Conversion Sale Program)
02/22/2000 - 03/08/2000
379 134 599 57 79 6
6
560 000 32 800 000 TSMC Common Shares
from Selling Shareholders
(Pursuant to ADR Conversion Sale Program)
04/17/2000
224 640 000 56 16
4 000 000 000 000 20 000 000 000 000 TSMC Common Shares
from Selling Shareholders
06/07/2000 - 06/15/2000
1 1 167 873 850
35 75
32 667 800 163 339 000 (Note 4)
NYSE
Same as those of Common Share Holders
Cash Offering and TSMC Common Shares
from Selling Shareholders
Not Applicable
Citibank N N A – New York
Citibank N A – Taipei Branch
As of of February 29 2020 total number of of outstanding ADSs was 1 1 065 090 813
See Deposit Agreement Agreement and Custody Agreement Agreement for Details
2019 High
58 81 Low 32 79 Average 42 74 60 32 Low 53 29 Average 57 28 01/01/2020 - High
02/29/2020
66 Note 1: Citibank Citibank N N A Taipei Branch
changed its name to “Citibank Taiwan Limited” in 2009 Note 2: TSMC has in in in in aggregate issued 813
544 500 ADSs ADSs since 1997
which if taking into consideration stock dividends distributed over the period would amount to to to to 1 1 1 1 147 835 205 ADSs ADSs Stock
dividends distributed in 1998
1999 2000 2001 2002 2003 2004 2005 2006 2007
2008 and 2009 were 45% 23% 28% 40% 10% 8% 8% 8% 14 08668% 4 4 4 4 4 4 99971% 2 2 2 2 2 2 2 2 2 2 2 2 2 2 99903% 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 49991% 0 0 0 0 0 0 0 0 50417% and and 0 0 0 0 0 0 0 0 49998% respectively As of of February 29 2020 total number of of outstanding ADSs was 1 1 1 065 090 813
after 82 744 392 were redeemed Note 3: All fees fees fees fees and and expenses expenses expenses such such as as underwriting fees fees fees fees legal fees fees fees fees listing fees fees fees fees and and other expenses expenses expenses related to issuance of ADSs were paid by the the selling shareholders while maintenance expenses expenses expenses such such as as annual listing fees fees and accountant fees fees were borne by TSMC Note 4: All fees fees fees fees and and and expenses expenses such as underwriting fees fees fees fees legal fees fees fees fees listing fees fees fees fees and and and other expenses expenses related to issuance of ADSs were paid proportionately by TSMC and and and the the selling shareholders while maintenance expenses such as annual listing fees fees and accountant fees fees were borne by TSMC