Restricted Employee New Shares Cancelled; Change Registration Completed
Original: 公告本公司限制員工權利新股註銷完成變更登記事宜
Summary
MediaTek announces it has completed the cancellation of restricted new shares previously issued to employees under its restricted stock plan, along with the associated amendment to its corporate registration. This typically occurs when shares are forfeited due to employees departing before vesting conditions are satisfied, resulting in a reduction of the company's registered share capital by the cancelled amount. Full body available on MOPS.
Full Translation
Announcement regarding the completion of cancellation and change-of-registration procedures for restricted employee new shares. The company hereby discloses that restricted new shares previously granted to employees under its restricted stock unit (RSU) programme have been cancelled — most commonly due to forfeiture triggered by employee departure or failure to meet vesting conditions — and that the corresponding amendment to the company's commercial registration (reflecting the reduction in issued share capital) has been formally completed with the competent authority. [Body not available — subject line only. See MOPS for full announcement.]