[ITE Tech] Resolution on Capital Reduction via Buyback and Cancellation of Issued Restricted Employee Shares
Key facts
- [ITE Tech] Resolution on Capital Reduction via Buyback and Cancellation of Issued Restricted Employee Shares
- ITE Tech has resolved to conduct a capital reduction by buying back and canceling restricted employee shares following employee departures. The capital reduction amounts to NT$80,000, covering 8,000 shares, resulting in a post-reduction capital of NT$1,659,791,240.
- Source: PR Times
- Date: June 5, 2026
Direct answer
ITE Tech has resolved to conduct a capital reduction by buying back and canceling restricted employee shares following employee departures. The capital reduction amounts to NT$80,000, covering 8,000 shares, resulting in a post-reduction capital of NT$1,659,791,240.
- Citation
- [ITE Tech] Resolution on Capital Reduction via Buyback and Cancellation of Issued Restricted Employee Shares (June 5, 2026), PR Times
- Source
- PR Times
- Date
- June 5, 2026
ITE Tech has resolved to conduct a capital reduction by buying back and canceling restricted employee shares following employee departures. The capital reduction amounts to NT$80,000, covering 8,000 shares, resulting in a post-reduction capital of NT$1,659,791,240.
📋 Article Processing Timeline
- 📰 Published: June 5, 2026 at 09:00
- 🔍 Collected: June 6, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 6, 2026 at 17:12 (9h 12m after Collected)
1. Date of Board of Directors resolution: 115/06/05
2. Reason for capital reduction: To buy back and cancel issued restricted employee shares due to the departure of employees who were granted such shares.
3. Amount of capital reduction: NT$80,000
4. Number of shares to be canceled: 8,000 shares
5. Capital reduction ratio: 0.005%
6. Paid-in capital after reduction: NT$1,659,791,240
7. Scheduled date of shareholders' meeting: Not applicable
8. Number of shares listed after the capital reduction: Not applicable
9. Ratio of listed ordinary shares to issued ordinary shares after capital reduction: Not applicable
10. Measures for low stock liquidity if listed shares are below 60 million shares and 25%: Not applicable
11. Capital reduction reference date: 115/06/05
12. Other matters: None
2. Reason for capital reduction: To buy back and cancel issued restricted employee shares due to the departure of employees who were granted such shares.
3. Amount of capital reduction: NT$80,000
4. Number of shares to be canceled: 8,000 shares
5. Capital reduction ratio: 0.005%
6. Paid-in capital after reduction: NT$1,659,791,240
7. Scheduled date of shareholders' meeting: Not applicable
8. Number of shares listed after the capital reduction: Not applicable
9. Ratio of listed ordinary shares to issued ordinary shares after capital reduction: Not applicable
10. Measures for low stock liquidity if listed shares are below 60 million shares and 25%: Not applicable
11. Capital reduction reference date: 115/06/05
12. Other matters: None
FAQ
Does this reduction decrease the total number of shares?
Yes, 8,000 shares will be canceled, reducing the total outstanding shares.
Why is the capital reduction being performed?
It is a standard procedure to buy back and cancel shares held by employees who have resigned, as per the restricted stock agreement.
Will this announcement affect the stock price?
Typically, such small-scale routine capital adjustments for share management have minimal impact on the market.