General Announcement::Issuance of 1,101,253 ordinary shares
07/27/2021 | 08:20am EDT
(Incorporated in the Republic of Singapore)
(Company Registration No. 201625854G)
ISSUANCE OF 1,101,253 ORDINARY SHARES
The Board of Directors of HRnetGroup Limited (the "Company" and together with its subsidiaries, the "Group") refers to the announcement dated 7 June 2021 in relation to the acquisition of shares in subsidiaries pursuant to the 88GLOW Plan, and wishes to announce that the consideration for the Acquisition is satisfied by way of a transfer of Shares held in treasury by the Company, to the relevant Co-owner. Accordingly, no new Shares will be issued.
In accordance with Rule 704(28) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Company wishes to announce the following details on the transfer of treasury shares:
Date of transfer
23 July 2021
Purpose of transfer
Consideration for the acquisition of shares in
subsidiaries pursuant to the 88GLOW Plan
Number of treasury shares
Number of treasury shares before
and after transfer
Percentage of the number of
treasury shares against the total
number of shares outstanding
before and after transfer
Value of the treasury shares
The percentage is based on 1,002,672,135 issued Shares (excluding 8,734,737 treasury shares) in the share capital of the Company as at 23 July 2021.
The percentage is based on 1,003,773,388 issued Shares (excluding 7,633,484 treasury shares) in the share capital of the Company as at 23 July 2021.