SAN JOSE, Calif.--OPTi, Inc. (the “Company”) (OTCBB:OPTI) announced today that its Board of Directors (“Board”) has declared a cash distribution of $0.6369 per share on the Company’s stock pursuant to the Plan of Liquidation (the “Plan”) approved by the shareholders as disclosed on the Company’s Form 8-K filed June 1, 2012. The Company’s Board has declared that the distribution under the Plan is to be payable on December 23, 2016, to the shareholders of record as of the close of business on December 8, 2016.
The ex-distribution date will be determined by the Financial Industry Regulatory Authority (“FINRA”). In that the amount of the distribution will very likely exceed 25% of the value of the Company’s common stock on the date FINRA makes its determination, the ex-distribution date will very likely be the first business day following the payment date. Please contact your broker in regards to the ex-distribution date.
Information set forth in this release may constitute and include forward looking information made within the meaning of Section 27A of the Security Act of 1933, as amended and Section 21E of the Securities Act of 1934, as amended, that involves risks and uncertainties.