Summary by Moomoo AI
SCICLONE PHARMA announced on 16 April 2024 that SciClone Option Management Limited, its wholly-owned subsidiary, has entered into an agreed share transaction involving the privatization process. On April 8, 2024, the subsidiary sold 20,000 shares of Sai Soho Pharmaceuticals at a price of $1.6562 per share and a post-transaction holding of 16,591,000 shares representing 2.6429% of the company's issued shares. This transfer of shares is in order to comply with the terms of the restricted share unit plan approved by the Company on 24 June 2018 and the initial public offering of restricted stock units under the Company's share incentive plan approved on 24 June 2018 and the shareholders' resolution of 22 January 2021. SciClone Option Management Limited exercised the corresponding share option as a trustee of the Sai Sai Trust.