Angang Steel completes share repurchase and cancellation
Angang Steel (SZSE: 000898) announced the completion of the repurchase and cancellation of 14,180,048 restricted shares held by 183 incentive recipients under its 2020 Restricted Stock Incentive Plan. This action, representing 0.1511% of the company's previous total share capital, involved a total repurchase consideration of ¥26,499,933.04. Following the completion of the cancellation with China Securities Depository and Clearing Corporation Limited Shenzhen Branch, Angang Steel's total share capital has been reduced from 9,383,401,306 shares to 9,369,221,258 shares. The repurchase and cancellation were conducted due to the non-achievement of performance targets for the third unlock period of the 2020 incentive plan. The funds for the repurchase were sourced from the company's own capital. Angang Steel confirmed that the move will not impact the firm's controlling shareholder or actual controller.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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