Tuesday, February 26, 2013
The Details of the Game
September 30, 2012, the Group's cash, cash equivalents and time deposits of 14.9 billion yuan ($ 2.4 billion), as of December 31, 2011 to 11.9 billion yuan. The third quarter of 2012, operating activities Net cash inflow of approximately 670 million yuan ($ 107 million) in the previous quarter and the same period last year to 881 million yuan and 865 million yuan.
Special cash dividend
The company announced today that its board of directors approved a per ordinary share of 0.04 U.S. dollars, or a special cash dividend of $ 1.00 plan (per American Depositary Share represents 25 ordinary shares) per American Depositary Share. The special cash dividend is expected to be issued will be January 18, 2013 to January 15, 2013 all shareholders of record as. With the continuous growth of the company's revenue and strong free cash flow from operations, the Board of Directors decided to approve the resolution to a better return for our shareholders. The total expenditure of the special dividend is expected to reach $ 131 million.
Share Repurchase Program
The company announced today that its Board of Directors approved a new share repurchase program. Under the repurchase program, the company will be in a period of not more than 12 months, through the NASDAQ Global Select open market transactions repurchase the total amount does not exceed $ 100 million outstanding American Depositary Receipts. Repurchase time and the process will follow the Rule 10b-18 and 10b5-1 rules promulgated by the U.S. Securities and Exchange Commission. The share repurchase program funding sources available working capital for the company.
** Listed dollar figures in this press release only easy to read. The foundation of the U.S. dollar and the RMB conversion H.10 statistical release of the Federal Reserve Bank of New York in September 2012, the last trading day (September 28, 2012) RMB noon buying rate: $ 1 = 6.2848 yuan. No official statement to the RMB has or may exchange rates at the exchange rate on September 28, 2012 or any other specific date are translated into U.S. dollars. In the press release, the percentage is calculated based on RMB.
Conference call
NetEase's management will hold a conference call on EST 2012 11 Wednesday, 14 pm 8 pm (Beijing / Hong Kong time 2012 Thursday, 15 morning 9:00), NetEase's management will discuss the company's quarterly conference call financial and operational results and answer questions.
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