Now, two years after listing, shareholders can sell on the market for cash. This method of lifting the ban according to the time limit is not in line with the principle of the three publics.
The shareholders of the company are to enjoy the company's business development results, and the company's development results are often expressed in the form of dividends.
In fact, many listed companies do not pay much dividends to shareholders, and the company's shareholders are selling** during the lock-up period. The cost of shareholders is very low, generally about one yuan per share. The cost of holding shares for ordinary shareholders in the market is often as high as tens of yuan. This unequal cost lifting of the ban is equivalent to a second circle of money.
Every time the ban is lifted, it will cause fluctuations in stock prices and even affect the operation of **. How to solve this problem?There are two ways to do this.
The first is to cancel the ban according to the time limit and implement the ban according to the dividend. The company issues **, how much money is circled from the market, and the same money must be returned to the shareholders through dividends. If you raise 3 billion yuan, you must return 3 billion yuan to shareholders through dividends. When the dividends reach or exceed 3000000000000000000000000000000000000 Ten years can't be reached, and ten years can't be lifted. It is never reached, and the ban cannot be lifted permanently.
The second is half solution and half dividend. Due to the unequal holding costs of the original shareholders and the common shareholders, the original shareholders must give half of the dividends to the ordinary shareholders. The current market share price is 21 yuan, the cost of the original shareholders is 1 yuan, and after being realized in the market, the original shareholders take 10 yuan, and the remaining 10 yuan is shared by ordinary shareholders.