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Sikole Education Trustee Buys 135,000 Shares for Employee Incentive Plan
A trustee acting on behalf of Sikole Education's (HKEX: 1769) share award scheme has purchased 135,000 company shares on the open market. The transaction was disclosed in a company announcement dated September 21, 2026.
Details of the Purchase
According to the filing, the purchase was made in accordance with the rules of the company's incentive plan and its trust deed. The shares will be held in trust for the benefit of selected employees participating in the scheme.
Key details from the announcement include:
- Total Shares Purchased: 135,000
- Date of Purchase: September 21, 2026
- Method: On-market acquisition
AdPurpose of Share Award Schemes
Share award schemes are a common corporate finance tool used to incentivize and retain key talent. By providing employees with equity in the company, these plans aim to align their interests with those of shareholders, fostering a focus on long-term value creation.
Using an on-market purchase to fund the plan avoids the shareholder dilution that would occur from issuing new shares. This method demonstrates the company's ongoing commitment to executing its employee compensation strategy while managing its capital structure.
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