La Natsu Bell Intends To Buy Shares From 50 Million Yuan To 80 Million Yuan To Facilitate Long-Term Incentive Mechanism.

La Natsu Bell (603157) issued a notice on the night of January 15th, the company intends to use no more than 80 million yuan, not less than 50 million yuan of its own funds repurchase company A shares, repurchase shares are intended to be used for company equity incentive and employee stock ownership plan, repurchase price range is 7.31 yuan / share - 13.50 yuan / share.

According to the announcement, in order to establish and improve the long-term incentive mechanism of the company and promote the long-term development of the company, and based on the confidence in the company's sustainable development, La Natsu Bell intends to carry out the repurchase, and the repurchase share will be used for the stock source of the equity incentive or ESOP. If the share purchase is not implemented, the unused part will be cancelled according to law.

The total amount of repurchase funds is 80 million yuan, and the repurchase price interval is 7.31 yuan per share. The amount of repurchase shares is about 10 million 943 thousand and 900 shares, accounting for about 3.29% of the company's current A share capital (A share capital 333 million shares).

La Natsu Bell said that the buyback plan will not have a significant impact on the company's day-to-day operation, finance, R & D, profitability, debt performance and future development. The implementation of the buyback plan will not lead to changes in the company's control rights, and will not lead to the company's stock distribution does not meet the listing requirements.

La Natsu Bell mainly engaged in design, brand promotion and sales of clothing products, the main public leisure clothing for women. In 2018 1-9, the company achieved operating income of 6 billion 201 million yuan, down 0.50% compared to the same period last year, achieving net profit of 234 million yuan, down 29.58% over the same period last year.