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Zijin Mining: Plans to repurchase A-shares worth 1.5 billion to 2.5 billion yuan for employee stock ownership plans or equity incentives
Gelonghui March 20 — Zijin Mining (601899.SH) announced that the company plans to use its own funds to repurchase A-shares through centralized bidding. The repurchase amount will be no less than 1.5 billion yuan and no more than 2.5 billion yuan, with a maximum purchase price of 41.5 yuan per share. The repurchased shares will be used for implementing employee stock ownership plans or equity incentives. The repurchase period is within 12 months from the date the board approves the plan. Based on the maximum purchase price, the estimated number of shares to be repurchased is between 36.1445 million and 60.2409 million, accounting for approximately 0.14% to 0.23% of the company’s total share capital.