BUPA ARABIA FOR COOPERATIVE INSURANCE ANNOUNCES THE PURCHASE OF ITS OWN SHARES FOR ITS EMPLOYEE INCENTIVE SCHEME
Bupa Arabia for Cooperative Insurance announces that, further to the announcement published on Tadawul's website on Tuesday 13 Shaban 1438H, corresponding to 9 May 2017G, in line with the approval of the Eleventh General Assembly Meeting, held on Monday 12 Shaban 1438H, corresponding to 8 May 2017G, it has, on Monday 3 Ramadan 1438H, corresponding 29 May 2017G, completed the purchase of its own shares for its employee incentive scheme as follows:
1. Total cash amount used for the incentive shares purchase: SAR 11,058.62 thousands
2. Average purchase price per share: SAR 114.61 per share
3. Number of shares purchased: 96,491 shares
These 96,491 new employee incentive shares are for the financials for the three year financial performance cycle of 2017-2019, which starts 1 January 2017 and ends 28 February 2020.
As a result of the above new shares purchase, for its employee incentive scheme, Bupa Arabia currently holds 247,381 shares for its employee incentive scheme.
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.