Summary by Futu AI
Hang Seng Bank Limited submitted a new disclosure report on August 16, 2024, disclosing its share buyback situation. The report shows that Hang Seng Bank conducted multiple buybacks of its shares from August 1 to August 16, 2024 in accordance with the regulations of the Hong Kong Stock Exchange. The total number of repurchased shares reached 2,228,000, accounting for approximately 0.0121% of the total issued shares. The repurchased shares are intended to be cancelled, but as of the report date, they have not been cancelled. The buyback price ranges from HKD 88.8888 to HKD 92.4727. Hang Seng Bank confirmed that the share buyback has been authorized by the ordinary resolution passed by shareholders at the annual general meeting on May 8, 2024, and complies with relevant listing rules and laws. In addition, according to the buyback authorization, Hang Seng Bank can repurchase a total of 190,970,873 shares. Currently, it has repurchased 16,830,600 shares, accounting for 0.8813% of the authorized repurchase shares. The suspension period after the repurchase will continue until September 15, 2024.