Chairman Sets Capital Reduction Record Date for Restricted Employee Shares
Original: 本公司董事長決定限制員工權利新股之減資基準日事宜
Summary
MediaTek's Chairman has determined the capital reduction record date applicable to the company's restricted employee stock (shares issued under a restricted stock award program). This action is a standard procedural step that formally retires forfeited or unvested restricted shares, reducing paid-in capital by the par value of the cancelled shares. Full body available on MOPS.
Full Translation
The Chairman of the Board has determined the capital reduction record date (減資基準日) for new shares issued under the company's restricted employee stock plan (限制員工權利新股). Under Taiwan's Company Act and applicable regulations, restricted shares that fail to satisfy vesting conditions must be cancelled; the Chairman is authorised to fix the record date on which such capital reduction takes effect, reducing the company's registered paid-in capital by the par value of the retired shares. This is a routine post-issuance administrative step following forfeiture events within the employee restricted stock program. [Body not available — subject line only. See MOPS for full announcement.]