China Railway (00390) issued an announcement. The company held the fourth session of the sixth board of directors on October 30, 2024...
Zhitong Finance App News, China Railway (00390) issued an announcement. The company held the fourth meeting of the 6th board of directors on October 30, 2024 to review and pass the “Proposal on Repurchase and Cancellation of Certain Restricted Shares in China Railway's 2021 Restricted Stock Incentive Plan”. According to the provisions of the “2021 Restricted Stock Incentive Plan” and related laws and regulations, the company decided to repurchase and sell some restricted shares under the “2021 Restricted Stock Incentive Plan”. The total number of restricted shares to be repurchased by the company is 1.380123 million shares. The repurchase price of the restricted shares of the nine incentive recipients is RMB 2.944 per share plus the interest calculated based on deposit reference interest rates for the same period announced by the People's Bank of China, and the restricted stock repurchase price for the five incentive recipients is RMB 2.944 per share.
The company plans to repurchase and cancel a total of 1.380123 million shares of restricted shares held by 14 incentive recipients that have been granted but have not yet been lifted. Among them, 5 incentive recipients repurchased a total of 0.688198 million shares of all restricted stocks that have been granted but have not yet been lifted; 7 incentive recipients repurchased a total of 0.664265 million shares of restricted stocks in the third batch; and 2 incentive recipients repurchased a total of 0.02766 million shares due to their qualifications in the 2023 annual assessment.
