BYD completed a share buyback of 1.8 billion yuan, and 0 yuan was given to employees

2022-06-15

It was reported on June 15 that BYD Co., Ltd. announced on June 14 that the implementation of the plan to repurchase the company's shares in 2022 (hereinafter referred to as the "repurchase plan") has been completed. As of June 13, BYD has accumulatively repurchased 0.189% of the company's total share capital by means of centralized competitive trading through its special securities repurchase account, with the highest transaction price of 358.58 yuan / share, the lowest transaction price of 293.37 yuan / share, and the total repurchase fund of 1.81 billion yuan (excluding transaction costs). It is reported that BYD's shares to be repurchased this time are intended to be used in the employee stock ownership plan. The participants of the employee stock ownership plan include the supervisors and senior managers of the company's employee representatives, as well as the middle-level managers and core backbone employees of BYD group. The total number of participants in the employee stock ownership plan shall not exceed 12000, and the final number of participants shall be subject to the actual implementation. The planned transfer price is 0 yuan / share, and the participants do not need to contribute. It home learned that BYD's share buyback took nearly two months, during which it raised the upper limit of the buyback price. According to the financial report of BYD in the first quarter, its total revenue was 66.825 billion yuan, a year-on-year increase of 63.02%, and its net profit was 808million yuan, a year-on-year increase of 240.59%; According to the production and sales express, it sold 286300 new energy vehicles in the first quarter, a year-on-year increase of 423%. (Xinhua News Agency)

Edit:Li Jialang    Responsible editor:Mu Mu

Source:ithome.com

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