Provided by: Wistron Information Technology& Services Corp
SEQ_NO
1
Date of announcement
2022/03/08
Time of announcement
18:47:00
Subject
Wistron ITS BOD approved to recapitalize through
issuance of new shares from
employees' profit sharing bonus
Date of events
2022/03/08
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/08
2.Source of capital increase funds:
Employees' profit sharing bonus, NT$ 20,000,000
3.Whether to adopt shelf registration
(Yes, please state issuance period/No):No
4.Total monetary value of the issuance and number of shares issued (shares
issued not including those distributed to employees if consisting in
capital increase from earnings or capital surplus):
NT$ 20,000,000, 231,213 shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:N/A
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:N/A
7.Par value per share: NT$10
8.Issue price: N/A
9.Number of shares subscribed for by or allocated to employees:
Employees' profit sharing bonus in the amount of NT$20,000,000
will be distributed in the form of shares.The new shares issued
will be 231,213 shares calculated based on the closing price
NT$86.5 of 2022/03/07, prior to the Board resolution date.
Par value per share is NT$10, and employees' profit sharing bonus
of NT$76 which is less than one share shall be distributed in cash.
10.Number of shares publicly sold:N/A
11.Ratio of shares subscribed by or allotted as stock
dividends to existing shareholders:N/A
12.Handling method for fractional shares and shares
unsubscripted for by the deadline:
Employees' profit sharing bonus less than one share shall be
distributed in cash.
13.Rights and obligations of these newly issued shares:
Same as the original common shares outstanding.
14.Utilization of the funds from the capital increase:
Fulfill working capital.
15.Any other matters that need to be specified:None
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Wistron Information Technology & Services Corporation published this content on 08 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 11:00:01 UTC.
Wistron Information Technology & Services Corporation is a Taiwan-based company principally engaged in the provision of software outsourcing services. The Company mainly provides information technology outsourcing services (ITO), technical consulting services (TCS), business process outsourcing services (BPO), product globalization services (PGS), including internationalization, localization and translation. Its services are applied in the design, development, testing and technology support for software production. The Company operates its businesses in domestic market and overseas markets, including the rest of Asia the Americas and Europe.