Chairman Sets Record Date for Capital Increase via Restricted Employee Share Issuance
Original: 本公司董事長決定限制員工權利新股之增資基準日
Summary
MediaTek's Chairman has determined the record date (增資基準日) for the company's capital increase through the issuance of restricted employee shares (限制員工權利新股), a form of equity compensation subject to vesting restrictions. This step is an administrative milestone within a previously board-approved employee share plan and will result in a degree of shareholder dilution upon share delivery. Full body available on MOPS.
Full Translation
Subject line: 'The Chairman has determined the record date for the capital increase via restricted employee new share issuance.' In Taiwan's corporate framework, 限制員工權利新股 (restricted employee new shares) are newly issued shares granted to employees under a vesting schedule that restricts transfer rights until performance or tenure conditions are met. The 增資基準日 (capital increase base date / record date) is the reference date used to formally execute and register the share issuance with the TWSE. Under the Taiwan Company Act, the Chairman is typically delegated authority by the board to set this administrative date once the share plan has already received shareholder approval. This announcement signals that MediaTek is proceeding to the issuance execution phase of an approved restricted stock grant program for employees. [Body not available — subject line only. See MOPS for full announcement.]