EHang Holdings Limited has announced that the Company’s Board of Directors has approved a Share Repurchase Program, pursuant to which the Company may repurchase up to USD30 million of its American Depositary Shares or ordinary shares over the next 12 months.
“The Company’s proposed repurchases may be made from time to time through open market transactions at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on the market conditions and in accordance with applicable federal securities laws, including Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended,” said the company in a press release. “The timing and amount of any share repurchases under the Share Repurchase Program will be determined by the Company’s management at its discretion based on ongoing assessments of price, trading volume and general market conditions, along with the Company’s working capital requirements, general business conditions and other factors. The Company expects to fund repurchases made under this program from its existing cash balance and cash generated from operations.”
For more information
https://www.ehang.com/news/1158.html
发布者：Philip Butterworth-Hayes，转转请注明出处：https://robotalks.cn/ehang-announces-usd30-million-share-repurchasing-programme/
