Board Approves Recall, Cancellation and Capital Reduction of Restricted Employee Shares
Original: 公告本公司董事會決議辦理限制員工權利新股收回 註銷減資事宜
Summary
Unimicron Technology's board of directors has resolved to recall and cancel unvested restricted employee shares (restricted stock units), triggering a corresponding capital reduction as those shares are retired. This type of action typically occurs when employees depart before vesting conditions are satisfied, causing forfeited shares to be returned and extinguished, which reduces total shares outstanding. Full body available on MOPS.
Full Translation
Announcement that the company's board of directors has resolved to proceed with the recall and cancellation of restricted employee new shares (restricted stock units / employee restricted shares), and to carry out the associated capital reduction. Under Taiwan's Company Act and relevant regulations, restricted shares granted to employees that are forfeited — most commonly due to resignation or failure to meet vesting conditions — must be formally recalled by the issuer, cancelled (de-registered), and removed from registered capital, resulting in a reduction of the company's paid-in capital by the par value of the retired shares. The board resolution initiates this statutory process. [Body not available — subject line only. See MOPS for full announcement.]