Zijin Mining Proposes 2026 Employee Stock Ownership Scheme

Stock News
May 08

Zijin Mining Group Company Limited (601899.SH) has disclosed a draft proposal for a 2026 employee stock ownership plan. The plan's participants will include management personnel and technical core staff from the company and its subsidiaries, with the total number of participants not exceeding 4,500 individuals. The plan involves no more than 77.4746 million shares of the company's stock, representing approximately 0.29% of the total share capital. The subscription price for the shares is set at 60% of the average price of the company's share repurchase transactions, which is 19.36 yuan per share. The total funds to be raised for the employee stock ownership plan will not exceed 1.5 billion yuan. The funding sources will include employees' legal compensation, self-raised funds, and other funds obtained through legal and compliant means.

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