EQS-Announcement: Union Medical Healthcare Limited proposes adoption of Co-ownership plan to retain talents and create value for shareholders

EQS-Announcement 
Union Medical Healthcare Limited proposes adoption of Co-ownership plan to 
retain talents and create value for shareholders 
 
25/02/2020 / 09:43 UTC+8 
The issuer is solely responsible for the content of this announcement. 
 
                                                     ?For Immediate Release? 
 
 Union Medical Healthcare Limited proposes adoption of Co-ownership plan to 
              retain talents and create value for shareholders 
 
    (25 February 2020, Hong Kong) - Union Medical Healthcare Limited ("Union 
 Medical Healthcare" or the "Company", which together with its subsidiaries, 
 is referred to as the "Group"; SEHK stock code: 2138), a leading integrated 
        medical group in Hong Kong, announces a co-ownership plan to provide 
     eligible participants such as selected directors, employees and service 
 providers of the Group with an opportunity to jointly invest in the Company 
by acquiring its shares. They will thus become the long-term shareholders of 
 the Group. The purpose of the plan is to encourage the talents to retain in 
    the Group and contribute to the Group's further development and business 
           expansion, creating the shareholder value together. There are now 
                                    approximately 100 eligible participants. 
 
    Under the co-ownership plan, the Company will mainly issue and allot new 
shares to eligible participants. Such new shares will be not more than 3% of 
 the Company's total share capital (subject to adjustments in the event of a 
  reorganization of the capital structure of the Company). In the meanwhile, 
 in order to meet the demand for the Company's shares under the co-ownership 
 plan, the Company may purchase and issue shares on the market if necessary. 
        Specifically, it may also buy shares from its existing shareholders. 
 
 As of 25 February 2020, the Group has issued a total of 985,247,448 shares. 
Assuming that the Company fully exercises the mandate to issue and allot new 
 shares under the co-ownership plan and that it does not issue or repurchase 
     any other shares during the period from today to the date when it fully 
  exercises the mandate, not more than 29,558,323 new shares will be issued, 
  representing approximately 2.91% of the enlarged share capital immediately 
                                 following the full exercise of the mandate. 
 
 To encourage the eligible participants to hold the Company's shares for the 
        long term and contribute to the Group, Union Medical Healthcare also 
         proposes a plan for issuing bonus shares according to the Company's 
 financial results for the next three years. Not more than five bonus shares 
  will be issued to each eligible participant for every ten shares he or she 
                                                                      holds. 
 
  Mr. Eddy Tang, Chairman, Executive Director and Chief Executive Officer of 
  Union Medical Healthcare, said, "In recent years, Union Medical Healthcare 
       has actively expanded its professional medical business by committing 
substantial resources, adopting the most advanced equipment and recruiting a 
  large number of professional medical staff. All this is aimed at providing 
      professional and high-quality medical services. The Group proposes the 
   adoption of the co-ownership plan to encourage quality staff to remain in 
        the Group. This can lay the foundation of its future development and 
                 business expansion and will thus create shareholder value." 
 
                                  - End - 
 
About Union Medical Healthcare Limited 
 
  Leveraging its core businesses of preventive and precision medicine, Union 
            Medical Healthcare is committed to developing medical artificial 
intelligence by integrating its multi-discipline medical services. The move, 
    which is supported by the Group's high-end branding and quality customer 
services, is aimed at offering customers safe and effective medical services 
                                                       with professionalism. 
 
      The Group principally engages in the provision of one-stop medical and 
 health care services in Greater China at its 56 clinics and service centres 
  with an aggregate service floor area of more than 287,000 square feet. The 
   Group provides a full range of services and products under its well-known 
brands, including those of its one-stop aesthetic medical solutions provider 
   DR REBORN which has ranked first in Hong Kong by sales for years, primary 
      care clinics jointly established with Tencent Doctorwork, chiropractic 
          services centre SPINE Central, health management centre re:HEALTH, 
     comprehensive dental centre UMH DENTAL CARE, the diagnostic and imaging 
  centres HKAI , an oncology treatment centre reVIVE, a day procedure centre 
                           HKMED and a specialty clinic SPECIALISTS CENTRAL. 
 
                                    For further information, please contact: 
 
                                                                  iPR Ogilvy 
 
                                         Callis Lau / Molisa Lau / Vivian Ng 
 
                                Tel: [phone] 
 
                                                        Fax: [phone] 
 
                                                    Email: [e-mail] 
 
Document: http://n.eqs.com/c/fncls.ssp?u=BMDTYIBWYJ [1] 
Document title: Union Medical Healthcare Limited proposes adoption of 
Co-ownership plan 
 
25/02/2020 Dissemination of an Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
Media archive at www.todayir.com 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=0f9e4bf941ef739937516f62d8dd6d3d&application_id=982681&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

February 24, 2020 20:43 ET (01:43 GMT)