IT House April 22 news, this evening, BYD announced that it plans to repurchase all the company’s shares for the employee stock ownership plan.The proposed repurchase amount shall not exceed RMB 1.85 billion and shall not be less than RMB 1.8 billionthe repurchase price shall not exceed RMB 300 per share.
IT Home understands that BYD said,The company’s share repurchase is used to implement the employee stock ownership planwhich is conducive to the company to establish and improve the benefit sharing mechanism, improve the cohesion of employees and the competitiveness of the company.
BYD’s 2022 employee stock ownership plan (draft) shows that,The total number of people participating in this employee stock ownership plan does not exceed 12,000, the final number of participants is subject to the actual implementation. The employee stock ownership plan will transfer the company’s shares to be repurchased by the company through non-trading transfer and other methods permitted by laws and regulations.The transfer price is 0 yuan/share, and participants do not need to make capital contributions.
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