REG - Huatai Securities Co - RESULTS OF THE REPURCHASE OF A SHARES

Huatai Securities CoAnnouncement

11/01/2021 11:00

RNS Number : 2529L
  
Huatai Securities Co., Ltd 
  
11 January 2021
  
 

 
RESULTS OF THE REPURCHASE OF A SHARES
 
On April 7, 2020, the Company implemented the initial repurchase of A Shares by way of centralized price bidding through the trading system of Shanghai Stock Exchange. On January 8, 2021, the Company completed the repurchase. During the repurchase period, the Company has accumulatively made an actual repurchase of 90,766,495 A Shares of the Company (the "Repurchased A Shares"), accounting for 0.9999999% of the total issued share capital (9,076,650,000 shares) and 1.23% of the total number of issued A Shares (7,357,604,320 shares) of the Company on January 8, 2021, with the highest repurchase price of RMB23.08 per share and the lowest repurchase price of RMB17.19 per share. The average repurchase price was RMB18.46 per share and the total amount of funds used was RMB1,675,361,296.88 (excluding transaction costs).
 
No difference between the actual implementation of the A Shares repurchase plan and the original share repurchase plan disclosed has been found. The Company has completed the repurchase pursuant to the plan as disclosed. 
 
The share repurchase has no material impacts on the normal operating activities, financial position and future development of the Company, will not lead to any failure of the Company to meet the listing conditions in terms of shareholding distribution, and will not lead to changes in the control of the Company. 
 
The Repurchased A Shares are fully deposited in the repo-securities account of the Company. According to the Company' s A Shares repurchase plan, the repurchased shares are intended to be used for the source of stocks for the restricted stock incentive plan. During the period in which the Repurchased A Shares are deposited in the repo-securities account of the Company, they do not have the rights of voting at general meetings, profit distribution, capitalization from reserve to share capital, subscription of new shares and right issues and pledge. Subsequently, the Company will utilize the repurchased shares as disclosed and fulfill its decision-making procedures and information disclosure obligation in accordance with the regulations. 
 
DEFINITIONS
 
In this announcement, the following expressions have the meanings set out below unless the context otherwise requires.
 
 




"Company"


a joint stock company incorporated in the PRC with limited liability under the corporate name 华泰证券股份有限公司 (Huatai Securities Co., Ltd.), converted from its predecessor 华泰证券有限责任公司 (Huatai Securities Limited Liability Company) on December 7, 2007, carrying on business in Hong Kong as "HTSC" , and was registered as a non-Hong Kong company under Part 16 of the Companies Ordinance under the approved Chinese name of "華泰六八八六股份有限公司" and the English name of "Huatai Securities Co., Ltd." ; the H Shares of which have been listed on the main board of The Stock Exchange of Hong Kong Limited since June 1, 2015 (Stock Code: 6886); the A Shares of which have been listed on the Shanghai Stock Exchange since February 26, 2010 (Stock Code: 601688); the global depository receipts of which have been listed on the London Stock Exchange plc since June 2019 (Symbol: HTSC), unless the context otherwise requires, including its predecessor




"Hong Kong"


the Hong Kong Special Administrative Region of the PRC




"PRC"


the People's Republic of China, excluding, for the purpose of this announcement, Hong Kong, Macau Special Administrative Region of the PRC and Taiwan




"%"


per cent.




 
 
                                           Huatai Securities Co., Ltd.
                                              January 11, 2021

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