Home » Gree Launches Phase II Employee Stock Ownership Plan, Employee Subscription Priority

Gree Launches Phase II Employee Stock Ownership Plan, Employee Subscription Priority

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Gree Launches Phase II Employee Stock Ownership Plan, Employee Subscription Priority


Sina Technology News May 20 evening news, Gree today released the second phase of the employee stock ownership plan. The announcement shows that the stock source of this employee stock ownership plan is the company’s previously repurchased shares, and the stock size does not exceed 94.728 million shares, accounting for the company’s stock ownership plan. 1.60% of the current total share capital, and the overall capital scale does not exceed 1.55 billion yuan.

This shareholding plan covers more than 12,000 employees, of which 97.47% of middle and grass-roots cadres, core employees, and technical experts are given priority to subscribe, and other senior executives can subscribe for no more than 2.53%. If there is any remaining above, Dong Mingzhu will subscribe according to his own situation.

According to the announcement, the subscription price of this shareholding plan is equivalent to 50% of the closing price of RMB 32.72 per share on the previous trading day of the board of directors. The lock-up time after vesting is 1 year, and the performance evaluation indicators are net profit, ROE and dividend ratio. (Wen Meng)

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