To Buy Back The Company'S Stock For Core Employee Equity Incentive
In the evening of May 12th, the company announced that the company would buy the company's shares in a centralized bid, and the total amount of the buyback would be no less than 100 million yuan, not more than 200 million yuan. The repurchase price does not exceed 31.62 yuan / share. The period of repurchase shall be 12 months from the date of the consideration and adoption of the repurchase scheme by the board of directors, that is, from April 29, 2020 to April 28, 2021.
(official website screenshot)
Statistics show that the repurchase shares will be used as a source of stock for the implementation of the stock option in the fashion company. If the company fails to implement the above purpose within 36 months after the share repurchase is completed, or the shares that are not repurchased are not used for the above purposes, the unused part will be cancelled in accordance with the law, and the company will initiate a separate disposal procedure.
In terms of fashion, the reason for this repurchase is mainly based on the confidence in the company's future development prospects and the recognition of the company's internal investment value, and the further improvement of the long-term incentive and restraint mechanism of the company's management team and core employee stock ownership, so as to ensure the long-term business objectives of the company, enhance the long-term investment value of the company's stock, and enhance investor's investment in the company. Capital confidence.
Source: Securities Daily Network
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