Scholar Education Group Announces Share Purchase Under Share Award Scheme
Scholar Education Group (Stock Code: 1769) has issued a voluntary announcement regarding the recent purchase of shares under its Share Award Scheme. Here are the key details and implications for investors:
Key Points of the Announcement
- Share Purchase Details: On 12 May 2026, the Trustee of the Share Award Scheme purchased a total of 207,000 shares on the market.
- Percentage of Shares Purchased: The shares purchased represent approximately 0.031% of the total number of shares in issue.
- Average Purchase Price: The average purchase price was HK\$1.50 per share.
- Total Consideration: The total amount spent (excluding transaction costs) was HK\$310,000.
- Trustee’s Holding Post-Purchase: After this transaction, the Trustee now holds 12,595,000 shares, representing approximately 1.87% of the shares in issue.
- Purpose: The shares are held on trust for the benefit of Selected Participants under the Scheme Rules and Trust Deed.
Important Information for Shareholders
- Board’s View on Share Price: The Board believes the current share price significantly undervalues the Company’s underlying value. This statement indicates that management sees the stock as a good buy at current levels, which may reflect confidence in the Company’s business outlook and prospects.
- Potential Share Price Impact: Share buybacks and purchases can be price sensitive and may support share prices in the market. The ongoing purchases under the Scheme signal management’s intention to reward future participants and possibly stabilize or boost share prices.
- Future Purchases: The Company will continue to monitor market conditions and its trading share price, and may instruct the Trustee to undertake further share purchases as deemed appropriate.
- Board Discretion: The Board will review and determine, at its absolute discretion, the number of awarded shares and the vesting conditions for Selected Participants under the Scheme. This flexible approach allows the Company to align incentives with performance and market conditions.
Board Composition
- Executive Directors: Mr. Chen Qiyuan (Chairman), Mr. Qi Mingzhi (CEO), Ms. Li Ailing, Ms. Leng Xinlan
- Independent Non-Executive Directors: Mr. Yang Xuezhi, Ms. Yim Ka Man, Prof. Zhang Wenjun
Investor Implications
This announcement is relevant and potentially price-sensitive for shareholders. It signals management’s confidence in the Company’s future and the intention to use share purchases as part of its incentive scheme. Shareholders should note the Board’s view that the stock is undervalued, and the possibility of further share purchases, which could provide support for the share price in the near term.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with financial advisors before making any investment decisions.
