Shandong Gold Mining (01787) obtains a commitment letter from a financial institution for a special loan for share repurchase.
Shandong Gold Mining (01787) announced that recently, the company has obtained a "Loan Commitment Letter" issued by the Jinan Branch of Industrial and Commercial Bank of China Co., Ltd., agreeing to provide special loan support for the company's repurchase of the company's A-share shares through centralized bidding transactions. The main contents are as follows:
Shandong Gold Mining (01787) announced that recently, the company has obtained a "Loan Commitment Letter" issued by the Jinan Branch of Industrial and Commercial Bank of China Co., Ltd., agreeing to provide special loan support for the company's repurchase of its A-share shares through centralized bidding transactions. The main contents are as follows:
1. Committed loan amount: not exceeding RMB360 million (i.e., the special loan funds used shall not exceed 90% of the upper limit of the total repurchase funds for this repurchase);
2. Loan term: not exceeding 3 years;
3. Validity period of the commitment letter: from the date of issuance of the "Loan Commitment Letter" until the formal contract is signed or it is confirmed that the matter cannot be processed;
4. Use of loan funds: solely for the company's repurchase of listed company shares conducted after the date of issuance of the commitment letter.
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