AMEC Announces Plan to Repurchase 400–500 Million Yuan of Shares for Equity Incentives
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Author:小编   

AMEC has announced a plan to repurchase shares through centralized bidding, with a total amount of no less than 400 million yuan and no more than 500 million yuan, at a maximum repurchase price of 433.04 yuan per share. The company expects to repurchase between 923,700 and 1,154,600 shares, representing 0.10% to 0.12% of its total share capital. The repurchase period will be within 12 months from the date the board of directors approves the plan. The repurchased shares are intended for equity incentives or employee stock ownership plans; if the transfer is not completed within three years, the untransferred portion will be cancelled. The company's directors, senior executives, and shareholders holding more than 5% of the shares have no clear plans to reduce their holdings over the next three months and six months.

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