The first phase of the employee stock ownership plan was disclosed on the evening of Sto Express Co.Ltd(002468) 14. The purchase price of the repurchased shares of the employee stock ownership plan is 1 yuan / share.
The announcement said that the employee stock ownership plan follows the principle of independent decision of the company and voluntary participation of employees, and there is no situation of forced employees to participate in the stock ownership plan such as apportionment and forced distribution.
The object of the employee stock ownership plan is the directors, senior managers, core managers and core backbone employees who are recognized by the board of directors as having an important role and impact on the overall performance and medium and long-term development of the company. The total number of employees participating in this ESOP is no more than 124 (excluding reserved shares). The final distribution share and proportion of each participant shall be subject to the final actual distribution and determined according to the actual contribution of employees.
Sto Express Co.Ltd(002468) said that the stock source of the employee stock ownership plan is the shares repurchased in the company’s special repurchase account. The stock ownership plan will obtain and hold the company’s shares held in the company’s special repurchase securities account in a manner allowed by laws and regulations such as non transaction transfer, with a total of no more than 19559900 shares, accounting for 1.28% of the company’s current total share capital, Among them, 14356400 shares are used for employees participating in the employee stock ownership plan for the first time, and the remaining 52035000 shares are transferred as reserved shares within the time specified in the employee stock ownership plan.
After the implementation of the employee stock ownership plan, the total number of shares held by all effective employee stock ownership plans of the company shall not exceed 10% of the total share capital of the company, and the total number of shares corresponding to the share rights and interests obtained by a single employee shall not exceed 1% of the total share capital of the company.
The announcement said that the employee contribution funds of the employee stock ownership plan come from the legal salary of employees, self raised funds and other ways allowed by laws and regulations. The company will not provide advance, guarantee, loan and other financial assistance to the holder in any way.
