董事会认为，建议股份购回可提升股份价值，从而为股东带来裨益。此外，建议股份购回可表明董事会对其长期业务前景的信心，其将符合公司及其股东的整体利益。董事会亦认为，公司财务状况稳定，能于进行建议股份购回同时维持足够的财务资源以满足其持续业务增长的需要。Koseido (02273) announced that based on the resolutions passed by the shareholders at the annual general meeting held on June 18, 2024...
Zhitong Finance APP News, Koseido (02273) announced that based on the resolutions passed by the shareholders at the annual general meeting held on June 18, 2024, the board of directors of the company was granted a general authorization to repurchase up to 24.5045 million shares of the company, representing 10% of the total number of shares issued as of June 18, 2024.
On November 22, 2024, the board of directors decided to exercise the repurchase authorization, to repurchase shares in the open market, with a total repurchase price of up to 0.2 billion Hong Kong dollars ("proposed share repurchase"). The proposed share repurchase will start on the date of this announcement and end by the earlier of: (1) the end of the next annual general meeting of shareholders, (2) the expiration of the period by which applicable laws or the company's articles of association require the company to hold the next annual general meeting of shareholders, or (3) when the shareholders of the company pass an ordinary resolution to revoke or amend the authorization granted by this resolution. The company will use its internal resources (excluding the net proceeds from the company's global offering and share placing of old shares before new shares) for the proposed share repurchase. Subsequently, the company will cancel or hold in treasury the shares repurchased under the proposed share repurchase as deemed appropriate by the board of directors. The company will conduct the proposed share repurchase in accordance with the company's articles of association, the Listing Rules of The Stock Exchange of Hong Kong Limited, and all other applicable laws and regulations.
The board of directors believes that the proposed share repurchase can enhance shareholder value, thereby benefiting shareholders. Furthermore, the proposed share repurchase can demonstrate the board's confidence in its long-term business prospects, which will be in line with the overall interests of the company and its shareholders. The board also believes that the company's financial position is stable enough to conduct the proposed share repurchase while maintaining sufficient financial resources to meet the needs of its ongoing business growth.
