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On July 2, China Nuclear Titanium announced the company's second phase of share repurchase progress. As of the end of June, the Company has repurchased 29.8988 million shares, accounting for 1.879% of the Company's total share value, with a maximum transaction price of 4.66 yuan per share and a minimum transaction price of 4.12 yuan per share, with a total transaction value of 130 million yuan.
It is understood that China Nuclear Titanium white on January 5 to join the "repurchase army", when the company's repurchase plan said that it intends to buy back the company's shares in its own funds, the issuance of convertible bonds, financial institutions borrowing and other laws and regulations approved by laws and regulations, the total amount of repurchase is not less than 500 million yuan, and not more than 1 billion yuan, the repurchase price does not exceed 5 yuan / share .
half a year, the company launched the second phase of repurchase. The plan shows that the company will spend 500 million to 1 billion yuan to buy back the company's shares through centralized bidding transactions, the repurchase price does not exceed 5 yuan / share, the maximum number of shares expected to be repurchased is 111 million shares, accounting for 6.994 percent of the total share value. The share repurchase will serve as a source of shares in the Company's later equity incentive plan or employee shareholding plan.
