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AirMedia gives update on CEO Herman Man Guo's share purchase plan.

AirMedia Group announced that its chairman, CEO, and CFO Herman Man Guo had continuously proceeded with his share purchase plan, which was previous announced by the company on March 28, 2018 and updated on September 28, 2018. As of January 30, 2019, Guo had purchased an aggregate of 1.72M American depositary shares, or ADSs, over the period of December 7, 2018 to January 30, 2019 at an average purchase price of approximately 35c per ADS. Due to the restrictions on insider trading starts on January 31, 2019, Mr. Guo will temporarily stop his repurchase from January 31, 2019 until 48 hours after the company files its 2018 Form-20F.

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Publication:The Fly
Date:Feb 1, 2019
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