Securities code: Primeton Information Technologies Inc(688118) securities abbreviation: Primeton Information Technologies Inc(688118) Announcement No.: 2022009 Primeton Information Technologies Inc(688118)
Announcement on the implementation results of phase II share repurchase
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal liabilities for the authenticity, accuracy and integrity of its contents according to law.
1、 Review and approval of repurchase and contents of repurchase plan
Primeton Information Technologies Inc(688118) (hereinafter referred to as "the company") held the second meeting of the Fourth Board of directors on May 24, 2021, deliberated and adopted the proposal on the second phase of repurchase of the company's shares by means of centralized bidding transaction. On June 1, 2021, the company disclosed Primeton Information Technologies Inc(688118) report on repurchase of shares of the company through centralized bidding transaction (Announcement No.: 2021055).
The main contents of this share repurchase plan are as follows: the company plans to use its own funds of no less than 50 million yuan (inclusive) and no more than 70 million yuan (inclusive) to repurchase some RMB common shares (A shares) issued by the company in the form of centralized bidding transaction, and the repurchase price shall not exceed 30.00 yuan / share (inclusive), All the shares repurchased will be used for employee stock ownership plan or equity incentive at an appropriate time in the future. The repurchase period is within 12 months from the date when the board of directors of the company deliberates and approves the repurchase plan.
After the implementation of the company's annual equity distribution in 2020, the upper limit of the share repurchase price is adjusted from no more than 30.00 yuan / share (inclusive) to no more than 29.70 yuan / share
(inclusive). For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on June 25, 2021 Primeton Information Technologies Inc(688118) 's announcement on the adjustment of the price cap of repurchase shares after the implementation of the annual equity allocation in 2020 (Bulletin number: 2021058).
2、 Implementation of repurchase
(I) on June 29, 2021, the company implemented the second phase of share repurchase for the first time, and disclosed the announcement of Primeton Information Technologies Inc(688118) on the second phase of initial share repurchase by means of centralized bidding transaction (Announcement No.: 2021059) on June 30, 2021. (II) on March 2, 2022, the company completed the second phase of share repurchase, and has actually repurchased 2152426 shares of the company, accounting for 2.26% of the total share capital of 95400000 shares. The maximum repurchase price is 26.40 yuan / share, the minimum repurchase price is 21.25 yuan / share, and the average repurchase price is about 23.35 yuan / share, The total amount of funds used is 5026808896 yuan (excluding stamp duty, transaction commission and other transaction expenses).
(III) the number of shares actually repurchased, the repurchase price and the total amount of funds used by the company this time are in line with the repurchase plan deliberated and approved by the board of directors. There is no difference between the actual implementation of the repurchase plan and the originally disclosed repurchase plan, and the company has completed the repurchase according to the disclosed plan.
(IV) the funds used in this share repurchase are the company's own funds and will not have a significant impact on the company's operation, finance and future development. This repurchase will not lead to changes in the company's control. After the repurchase, the company's equity distribution meets the conditions of listed companies and will not affect the company's listing status.
3、 Shares bought and sold by relevant entities during the repurchase period
On May 25, 2021, the company disclosed the second phase of share repurchase for the first time. For details, please refer to Primeton Information Technologies Inc(688118) the announcement on the second phase of share repurchase scheme of the company through centralized bidding transaction (Announcement No.: 2021052). As of the disclosure of this announcement, the company's directors, supervisors, controlling shareholders, actual controllers and share repurchase proponents have not bought or sold the company's shares during this period.
4、 Disposal arrangement of repurchased shares
Before and after the implementation of the share repurchase plan, the total share capital of the company has not changed.
Before the implementation of the share repurchase plan, 1429961 shares in the special securities account for repurchase were included in the shares with unlimited sales conditions of the company, which was the first phase of share repurchase for the company; After the implementation of the share repurchase plan, 3582387 shares in the special securities account for repurchase (including the shares repurchased in phase I and phase II) are included in the shares with unlimited sales conditions of the company.
In the second phase, the company has repurchased 2152426 shares, all of which will be used for employee stock ownership plan or equity incentive at an appropriate time in the future. During the period when the above repurchased shares are deposited in the special securities account for share repurchases of the company, they do not enjoy the voting rights of the general meeting of shareholders, profit distribution, conversion of provident fund into share capital, subscription of new shares, allotment of shares, pledge and other rights. If the company fails to implement the above-mentioned purposes and complete the transfer within three years after the issuance of this announcement, it will perform the procedures for reducing the registered capital according to law, and the non transferred shares will be cancelled.
Subsequently, the company will use the repurchased shares according to the purpose of disclosure, and perform the decision-making procedures and information disclosure obligations as required.
It is hereby announced.
Primeton Information Technologies Inc(688118) board of directors March 3, 2022
