Brief: Hollysys Announces Management's Plan To Purchase Public Market Shares

Hollysys Automation Technologies

08/01/2021 11:40

Jan 8 (Reuters) - Hollysys Automation Technologies Ltd
 HOLI.O :
    * HOLLYSYS ANNOUNCES MANAGEMENT'S PLAN TO PURCHASE PUBLIC
MARKET
SHARES
    * HOLLYSYS AUTOMATION TECHNOLOGIES - SHARE PURCHASES WILL BE
CONDUCTED BY A SPECIAL PURPOSE VEHICLE BENEFICIALLY OWNED AND
FUNDED BY MANAGEMENT OF CO
    * HOLLYSYS AUTOMATION TECHNOLOGIES - EXPECT TO PURCHASE
SHARES OF
UP TO $50 MILLION OVER 6-MONTH PERIOD
    * HOLLYSYS AUTOMATION TECHNOLOGIES - SHARES PURCHASED BY
MANAGEMENT WILL BE SUBJECT TO A VOLUNTARY LOCK-UP PERIOD OF AT
LEAST 24 MONTHS

Source text for Eikon:  ID:nPnjr9fXa 
Further company coverage:  HOLI.O 

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