Voltronic Power Technology : The Board of Directors approved cancellation of restricted employee shares
08/09/2022 | 10:06am EST
Provided by: VOLTRONIC POWER TECHNOLOGY CORP.
Date of announcement
Time of announcement
The Board of Directors approved cancellation of
restricted employee shares
Date of events
To which item it meets
1.Date of the board of directors resolution:2022/08/09
2.Reason for capital reduction:Because the employees
who entitled to receive restricted employee shares
have not met qualification, The Company decided to
take back and cancelled restricted employee shares.
3.Amount of capital reduction:NT$36,000
5.Capital reduction percentage:0.004%
6.Share capital after capital reduction:NT$872,225,670
7.Scheduled date of the shareholders meeting:NA
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:N/A
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:N/A
10.Please explain any countermeasures for lower circulation in
shareholding if the aforesaid estimated no.of listed common shares upon
capital reduction does not reach 60 million and the percentage does not
11.The record date for capital reduction:2022/09/08
12.Any other matters that need to be specified:
The company capital reduction date will be on 08 Sep, 2022;
if there is any other employee that comply with the Employee
Restricted Stock to recover the cancellation of shares from
the date of board decision to the base date of Capital reduction,
the chairman is still authorized to process.
Voltronic Power Technology Corporation published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 14:05:04 UTC.