{"id":1111,"date":"2021-10-03T12:06:00","date_gmt":"2021-10-03T12:06:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3526117_AE26117_0"},"modified":"2021-10-03T12:06:00","modified_gmt":"2021-10-03T12:06:00","slug":"joy-spreader-group-buys-back-hk120-million-worth-of-shares-for-inclusion-in-its-share-incentive-plan","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=1111","title":{"rendered":"Joy Spreader Group Buys Back HK$120 Million Worth of Shares for Inclusion in its Share Incentive Plan"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<div id=\"dvContent\" readability=\"52.788634097707\">\n<p><span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">Oct. 3, 2021<\/span> \/PR Newswire\/ &#8212; Joy Spreader Group (HKG: 6988, &#8220;the Group&#8221;) announced on <span class=\"xn-chron\">September 30, 2021<\/span> that the trustee of the Group&#8217;s Share Incentive Plan had purchased 42.35 million of its shares from the market for a total consideration of some <span class=\"xn-money\">HK$120 million<\/span> (approx. <span class=\"xn-money\">US$15.6 million<\/span>) at an average price of <span class=\"xn-money\">HK$2.85<\/span> (approx. <span class=\"xn-money\">US$0.37<\/span>) per share in accordance with the rules of the Plan and will hold the shares in the interest of the participants of the Plan. <\/p>\n<p>The Share Incentive Plan announced in June aims to recognize the contributions of some of the Group&#8217;s directors, employees, consultants and advisors in a move to retain them to assist with the company&#8217;s future growth and expansion.&nbsp; <\/p>\n<p>The implementation of the Plan fully demonstrates the Group&#8217;s strong confidence in its business prospects. Going forward, the firm plans to continue implementing its share repurchase program based on market conditions.&nbsp; <\/p>\n<p>For more information about Joy Spreader Group Inc., please visit <a target=\"_blank\" href=\"http:\/\/www.joyspreader.com\/en\/index\" rel=\"nofollow noopener\">here<\/a>. <\/p>\n<\/p><\/div>\n<p>Source: Joy Spreader Group Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Oct. 3, 2021 \/PR Newswire\/ &#8212; Joy Spreader Group (HKG: 6988, &#8220;the Group&#8221;) announced on September 30, 2021 that the trustee of the Group&#8217;s Share Incentive Plan had purchased 42.35 million of its shares from the market for a total consideration of some HK$120 million (approx. US$15.6 million) at an average price of HK$2.85 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":1112,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-1111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Joy Spreader Group Buys Back HK$120 Million Worth of Shares for Inclusion in its Share Incentive Plan - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=1111\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joy Spreader Group Buys Back HK$120 Million Worth of Shares for Inclusion in its Share Incentive Plan - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Oct. 3, 2021 \/PR Newswire\/ &#8212; Joy Spreader Group (HKG: 6988, &#8220;the Group&#8221;) announced on September 30, 2021 that the trustee of the Group&#8217;s Share Incentive Plan had purchased 42.35 million of its shares from the market for a total consideration of some HK$120 million (approx. 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