GCL Technology buys shares for award scheme

GCL Technology Holdings Limited (HKEX:3800) announced the purchase of 30,000,000 shares on April 8, 2025, to be held in trust for eligible persons under its share award scheme. The shares, representing approximately 0.11% of the company's issued share capital, were acquired at an average price of approximately HK$0.74 per share. The total consideration for the purchase was approximately HK$22,325,000, including costs and expenses. Following this transaction, the total number of shares held by the Trustee for the scheme is 514,678,888. As of the announcement date, 295,126,000 and 39,820,000 award shares have been granted and vested, respectively, under the scheme. The announcement emphasized the board's discretion in selecting eligible grantees, subject to the scheme's terms and conditions.