Byd Company Limited(002594) ( Byd Company Limited(002594) ) plans to buy back shares with RMB 1.8-1.85 billion for the employee stock ownership plan.
On April 22, Byd Company Limited(002594) ( Byd Company Limited(002594) ) announced that the company plans to repurchase shares for the employee stock ownership plan. The proposed repurchase amount is no more than 1.85 billion yuan, no less than 1.8 billion yuan, and the repurchase price is no more than 300 yuan / share. The specific price will be comprehensively determined in combination with the stock price of the company's secondary market, the company's financial status and operating conditions. The type of shares to be repurchased is RMB ordinary shares (A shares) issued by the company.
Specifically, under the condition that the price of repurchased shares does not exceed 300 yuan / share, according to the calculation of the upper limit of repurchased amount of 1.85 billion yuan, the number of repurchased shares is expected to be no less than 6166700 shares, accounting for about 0.212% of the total issued share capital of the company; According to the calculation of the lower limit of the repurchase amount of RMB 1.8 billion, the number of shares repurchased is expected to be no less than 6 million, accounting for about 0.206% of the total issued share capital of the company. The specific number of shares repurchased is subject to the actual number of shares repurchased at the expiration of the repurchase period.
The announcement said that the employee stock ownership plan is to further activate the company's technological innovation ability, maintain the competitive advantage of the industry and promote the company's long-term sustainable development.
The participants of the employee stock ownership plan include the company's employee representatives, supervisors, senior managers, middle managers and core employees of Byd Company Limited(002594) group. The total number of participants in the employee stock ownership plan shall not exceed 12000, and the final number of participants shall be subject to the actual implementation. The planned transfer price is 0 yuan / share, and the participants do not need to contribute.
The announcement said that 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 of a single employee shall not exceed 1% of the total share capital of the company. The total number of shares held by the employee stock ownership plan does not include the shares obtained by employees before the company's initial public offering, the shares purchased by themselves through the secondary market and the shares obtained through equity incentive.
Byd Company Limited(002594) stressed that the share repurchase fully combines the company's operation, finance, R & D, debt performance ability and future development. The company's management believes that the share repurchase will not have a significant adverse impact on the company's operation, finance, R & D, debt performance ability and future development.
According to the performance forecast for the first quarter released on Byd Company Limited(002594) april 18, the company expects to realize a net profit attributable to the parent company of 650 million yuan to 950 million yuan in the first quarter of this year, with a year-on-year increase of 174% - 300%; According to the production and marketing express, Byd Company Limited(002594) in the first quarter, 286300 new energy vehicles were sold, a year-on-year increase of 423%.
At the closing on April 22, Byd Company Limited(002594) rose 0.58% to 235.4 yuan / share.
