Home » Tianjin Youfa Steel Pipe Group Co., Ltd. Announcement on the Implementation Results of Share Repurchase_Plan_Centralized Bidding_Situation

Tianjin Youfa Steel Pipe Group Co., Ltd. Announcement on the Implementation Results of Share Repurchase_Plan_Centralized Bidding_Situation

by admin

Original title: Tianjin Youfa Steel Pipe Group Co., Ltd. Announcement on the Implementation Results of Share Repurchase

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the content of this announcement, and assume individual and joint responsibility for the authenticity, accuracy and completeness of the content.

I. Repurchase approval and content of the repurchase plan

Tianjin Youfa Steel Pipe Group Co., Ltd. (hereinafter referred to as the “Company”) held the 19th meeting of the 4th Board of Directors on January 7, 2022, at which it reviewed and approved the “Proposal on the Repurchase of the Company’s Shares by Centralized Bidding Transactions” “, agreeing that the company will use its own funds to repurchase shares in a centralized bidding transaction, and use it for the subsequent implementation of employee stock ownership plans or equity incentive plans. No more than 14.72 yuan per share, and the repurchase period shall not exceed 12 months from the date when the board of directors considers and approves the share repurchase plan. For details of this share repurchase, please refer to the “About the Centralized Auction Transaction” announced by the company on the website of the Shanghai Stock Exchange (www.sse.com.cn) on January 8, 2022 and January 18, 2022. Announcement on the Plan for Repurchasing the Company’s Shares by Means of Repurchase (Announcement No.: 2022-007) and the Repurchase Report on the Repurchase of the Company’s Shares by Centralized Auction Transactions (Announcement No.: 2022-010).

See also  Walter Gas: The escalation of the situation in Russia and Ukraine will not have a great impact on the company, and the company has domestic suppliers for rare gases – yqqlm

2. Implementation of repurchase

(1) On February 21, 2022, the company implemented share repurchase for the first time, and disclosed the “Announcement of Tianjin Youfa Steel Pipe Group Co., Ltd. on the first repurchase of the company’s shares by centralized bidding transaction” on February 22, 2022 (Announcement number: 2022-017).

(2) On May 12, 2022, the company completed the repurchase. It has actually repurchased 14,389,508 shares of the company, accounting for 0.999996% of the company’s total share capital. The highest repurchase price is 10.40 yuan/share, and the lowest repurchase price is 6.88 yuan/share The average repurchase price is 8.73 yuan per share, and the total capital used is 125,577,230.18 yuan (excluding commissions and other taxes).

(3) The company has completed the repurchase in accordance with the disclosed plan, and the actual implementation of the repurchase plan does not differ from the original disclosed repurchase plan, which complies with the requirements of relevant laws and regulations and conforms to the established repurchase plan.

(4) The funds used for the share repurchase are the company’s own funds, and the share repurchase will not have a material adverse impact on the company’s finance, operation, debt performance and future development. After the completion of the repurchase, there will be no change in the company’s control, nor will it change the company’s listing status.

3. Purchase and sale of shares by relevant entities during the repurchase period

On January 8, 2022, the company disclosed the repurchase of shares for the first time. For details, please refer to the “Announcement of Tianjin Youfa Steel Pipe Group Co., Ltd. on the Repurchase of the Company’s Shares by Centralized Bidding Transactions” disclosed by the company (Announcement No.: 2022- 007). After the company’s internal verification, the company’s controlling shareholder (actual controller), directors, supervisors, and senior management did not buy or sell the company’s shares from the date when the company first disclosed the repurchase of shares to the day before the announcement of this announcement.

See also  Tiansheng New Materials: plans to raise no more than 530 million yuan from Jucheng Intelligent, the stock will resume trading – yqqlm

4. Arrangements for the treatment of repurchased shares

The company repurchased a total of 14,389,508 shares this time, which are now deposited in the company’s special securities account for repurchase, and are intended to be used for the subsequent implementation of the employee stock ownership plan or equity incentive plan. If the company fails to use up the repurchased shares within 36 months after the completion of the share repurchase, the unused repurchased shares will be implemented in accordance with relevant laws, regulations and policies.

Subsequent companies will use the repurchased shares in accordance with the disclosed purposes, and perform decision-making procedures and information disclosure obligations as required. Investors are advised to pay attention to investment risks.

Special announcement.

Tianjin Youfa Steel Pipe Group Co., Ltd.

Board of Directors

May 13, 2022Return to Sohu, see more

Editor:

Statement: The opinions of this article only represent the author himself, Sohu is an information publishing platform, and Sohu only provides information storage space services.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy