ITEQ Corporation Announces Completion of Cancellation of Restricted Employee Shares
Key facts
- ITEQ Corporation Announces Completion of Cancellation of Restricted Employee Shares
- ITEQ Corporation has completed the cancellation of 8,000 restricted employee shares, reducing paid-in capital by NT$80,000. The impact on financials is minimal.
- Source: PR Times
- Date: June 15, 2026
Direct answer
ITEQ Corporation has completed the cancellation of 8,000 restricted employee shares, reducing paid-in capital by NT$80,000. The impact on financials is minimal.
- Citation
- ITEQ Corporation Announces Completion of Cancellation of Restricted Employee Shares (June 15, 2026), PR Times
- Source
- PR Times
- Date
- June 15, 2026
ITEQ Corporation has completed the cancellation of 8,000 restricted employee shares, reducing paid-in capital by NT$80,000. The impact on financials is minimal.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 09:00
- 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 16, 2026 at 17:06 (6 min after Collected)
1. Date of regulatory approval for capital reduction: June 15, 115
2. Date of completion of capital change registration: June 15, 115
3. Impact on financial statements (including differences in paid-in capital and outstanding shares, and impact on net asset value per share):
(1) Before cancellation of restricted employee shares: The company's paid-in capital was NT$1,659,871,240, with 165,987,124 outstanding shares, and net asset value per share was NT$37.3697 (calculated based on Q1 financial statements of year 115).
(2) Shares cancelled in this instance: 8,000 ordinary shares, par value of NT$10 per share, totaling NT$80,000.
(3) After cancellation of restricted employee shares: The company's paid-in capital is NT$1,659,791,240, with 165,979,124 outstanding shares, and net asset value per share is NT$37.3715 (calculated based on Q1 financial statements of year 115).
4. Planned share exchange program: Not applicable
5. Number of listed ordinary shares after capital reduction: Not applicable
6. Ratio of listed ordinary shares to total issued ordinary shares after capital reduction (listed ordinary shares / total issued ordinary shares): Not applicable
7. If the number of listed ordinary shares after capital reduction is less than 60 million shares and less than 25%, explanation of measures for low liquidity: Not applicable
8. Other matters to be disclosed: None
2. Date of completion of capital change registration: June 15, 115
3. Impact on financial statements (including differences in paid-in capital and outstanding shares, and impact on net asset value per share):
(1) Before cancellation of restricted employee shares: The company's paid-in capital was NT$1,659,871,240, with 165,987,124 outstanding shares, and net asset value per share was NT$37.3697 (calculated based on Q1 financial statements of year 115).
(2) Shares cancelled in this instance: 8,000 ordinary shares, par value of NT$10 per share, totaling NT$80,000.
(3) After cancellation of restricted employee shares: The company's paid-in capital is NT$1,659,791,240, with 165,979,124 outstanding shares, and net asset value per share is NT$37.3715 (calculated based on Q1 financial statements of year 115).
4. Planned share exchange program: Not applicable
5. Number of listed ordinary shares after capital reduction: Not applicable
6. Ratio of listed ordinary shares to total issued ordinary shares after capital reduction (listed ordinary shares / total issued ordinary shares): Not applicable
7. If the number of listed ordinary shares after capital reduction is less than 60 million shares and less than 25%, explanation of measures for low liquidity: Not applicable
8. Other matters to be disclosed: None
FAQ
Whose shares were cancelled in this capital reduction?
Unexercised employee stock rights that failed to meet vesting conditions.
Will this reduction affect the stock price?
Minimal financial impact; likely negligible effect on share price.
Will similar reductions happen in the future?
Yes, if unvested employee shares expire, similar cancellations may occur.