Summary by Futu AI
Pharma Ming Biotechnology Limited completed a series of share repurchase activities on 27 May 2024 and disclosed information in accordance with the Listing Rules of the Stock Exchange of Hong Kong Stock Exchange Limited. The Company made multiple share repurchases through the Hong Kong Stock Exchange between 7 December 2023 and 27 May 2024 for a total repurchase of 105,488,000 shares, representing 2.483% of the issued shares. The last repurchase took place on 27 May 2024 and repurchased 2,520,000 shares at a price of HKD 11.8 to HKD 11.94 per share, with a total payout of HKD 29,907,460. In addition, the Company exercises options under the Share Option Scheme, but excluding those exercised by directors. Pharma Biologics confirms that it has received all monies due and that it has fulfilled all the pre-requisites for listing, including relevant legal requirements and archiving documents, etc. After the share repurchase, the total number of outstanding shares of the company is 4,262,479,429 shares.