Quartz Shares (603688.SH) intends to push the third phase of the employee stock ownership plan the maximum financing limit of 90 million yuan

Zhitong Financial News, Quartz Shares (603688.sh) disclosed the third phase of the employee stock ownership plan (draft), the company's initial total proposed capital for the current period of the employee stock ownership plan is capped at 90 million yuan (inclusive), and the employee stock ownership plan has a total of 90 million shares, each share is 1 yuan. The source of funds for the employee stock ownership plan is: the legitimate remuneration of the company's employees, self-financing and other methods permitted by laws and administrative regulations, the chairman of the company intends to provide interest-free loan support to employees, the loan part is the remaining funds required in addition to the employees' self-financing, and the loan period is the duration of the employee stock ownership plan.

According to the announcement, the number of underlying shares involved in the ESOP is about 1.64 million shares, and the number of shares involved accounts for about 0.46% of the company's total existing share capital. No more than 126 employees contribute to participate in the ESOP. Among them, there are 9 directors, supervisors and senior management personnel of the company, with a total subscription share of about 15.6 million shares, and other employees subscribed for a total of about 74.4 million shares.

The lock-up period of the current ESOP is 12 months. Calculated from the date on which the Company announces the transfer of the last underlying shares to the name of the Employee Stock Ownership Plan. After the expiry of the lock-up period, the Management Committee will decide whether to sell the shares according to the arrangement of the ESOP and the prevailing market conditions.

This article originated from Zhitong Finance Network