Glonghui, April 22, 丨 Beisen Holdings (09669.HK) announced that from January 27, 2024 to April 22, 2024, the scheme trustee has purchased a total of 1,015,400 shares on the market at a total cost of approximately HK$4,565,000 in accordance with the rules of the share award scheme, accounting for about 0.14% of the total number of shares issued as of April 22, 2024, with a price of HK$3.70 to HK$5.03 per share.
From December 5, 2023 to April 22, 2024, the trustee of the scheme purchased a total of 2,411,200 shares on the market at a total cost of approximately HK$10,000,000, accounting for approximately 0.34% of the total number of shares issued as of April 22, 2024. The relevant shares are held in trust for the benefit of selected participants in the share award scheme.
On April 22, 2024, the Company granted a total of 270,000 restricted share units to 7 grantees under the share award scheme.
The reason for granting restricted share units is to motivate the grantee to do their best and reward their continued efforts for the success of the group, and to provide a means for the grantee an opportunity to benefit from the increase in share value through restricted share unit grants. The Board believes that the award under the share award scheme will motivate the Group's employee participants to further contribute to the Group and align their interests with the overall best interests of the Company and shareholders. The grant of a restricted share unit forms part of the grantor's remuneration.