Ming Yang Smart Energy Group Ltd The Progress of the Share Repurchase (4175R)
26 Octubre 2023 - 4:36AM
UK Regulatory
TIDMMYSE
RNS Number : 4175R
Ming Yang Smart Energy Group Ltd
26 October 2023
MING YANG SMART ENERGY GROUP LIMITED
(GDR under the symbol: "MYSE")
(a joint stock company established under the laws of the
People's Republic of China with limited liability)
Announcement on the Progress of the Share Repurchase
I. Basic Information about Share Repurchase
On May 4, 2023, Ming Yang Smart Energy Group Limited (the
"Company") held the 39 (th) meeting of the second session of the
board of directors and considered and approved the Proposal on the
Plan for Repurchasing Company Shares by means of Centralized
Bidding Transaction. The Company agreed to use its own funds of no
more than RMB1 billion (inclusive) and no less than RMB500 million
(inclusive) to repurchase the Company's shares by centralized
bidding transaction, for the purpose of implementing equity
incentives. The repurchase period shall not exceed 12 months from
May 4, 2023.
II. Progress of the Share Repurchase
As of October 26, 2023, the Company repurchased 12,561,293
shares through centralized bidding, accounting for 0.55% of the
current total share capital (i.e. 2,271,983,706 shares) of the
Company, with the highest transaction price of RMB 17.99/share, the
lowest transaction price of RMB 14.91/share and the total amount
paid of RMB 210,573,073.55 (excluding transaction fees). The
repurchase this time complies with the provisions of relevant laws
and regulations and the established share repurchase plan of the
Company.
The Company will make repurchase as appropriate according to the
share repurchase plan and market conditions during the period.
III. Other Notes
The Company will implement share repurchase in strict accordance
with the relevant requirements and fulfill the obligation of
disclosing information in a timely manner according to the market
situation. Investors are advised to pay attention to the investment
risks.
Ming Yang Smart Energy Group Limited
26 October, 2023
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END
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(END) Dow Jones Newswires
October 26, 2023 05:36 ET (09:36 GMT)
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