Summary by Futu AI
L'Occitane International S.A. announced on August 7th, 2024 that, under Rule 22 of the Hong Kong Code on Takeovers and Mergers, the executive has received security trading disclosure from J.P. Morgan Securities PLC. The transaction involves a privatization process through a comprehensive offer and the settlement of a derivative contract on July 25th, 2024 involving a reference security of 103,250 shares with a contract expiration date of August 12th, 2025. The reference price for the transaction is $33.9660 per share, which amounts to a total sum of $3,506,989.50. After the transaction is completed, J.P. Morgan Securities PLC will hold 1,189,251 related securities. J.P. Morgan Securities PLC is a self-exempted dealer with a connection to the offeror and is ultimately owned by JPMorgan Chase & Co.