Ping An Insurance Company of China (HK:2318) has released an update.
Ping An Insurance (Group) Company of China, Ltd. has successfully completed a share purchase initiative under the 2024 Key Employee Share Purchase Plan, with over 13 million shares acquired at an average price of approximately RMB42.89 each, funded by legitimate income and employee bonuses. The share purchase involved voluntary participation from 2,207 key personnel, resulting in a diversification of company share ownership among directors, supervisors, senior management, and other employees. Shares bought under this plan are subject to a lock-up period of one year, with future vesting contingent on meeting set performance targets.
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