Amkor gets knocked by Nasdaq, lenders

August 15, 2006 – Amkor Technology Inc., Chandler, AZ, says that it has received a notice from Nasdaq that it is in danger of being delisted due to noncompliance with filing its June quarter report with the SEC. The delay is caused by an internal investigation to review historical stock options practices.

Also, the company says two of its lenders have notified that the noncompliance triggers a default clause under indentitures governing a group of senior and convertible notes, and that failure to cure the default within 60 days could force the company to pay back unpaid principal and premiums totaling approximately $1.62 billion.

Amkor says it has requested a hearing with Nasdaq’s Listing Qualifications Panel to review the matter.


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