Summary by Futu AI
Hang Seng Bank Limited submitted a new next-day disclosure report on August 21, 2024, disclosing its share repurchase activities. According to the report, Hang Seng Bank repurchased a total of 2,728,000 ordinary shares through the Main Board market of The Stock Exchange of Hong Kong Limited between August 1 and 21, 2024. The repurchased shares will be proposed for cancellation. The repurchased shares represent approximately 0.1442% of the issued shares (excluding treasury shares), with a repurchase price range of HKD 88.8888 to HKD 92.4727 per share. Hang Seng Bank confirms that the share repurchase has been authorized by the ordinary resolution passed by the shareholders at the annual general meeting on May 8, 2024, and complies with the relevant listing rules of The Stock Exchange of Hong Kong. Additionally, Hang Seng Bank will not undertake any new share issuance, resale, or transfer of treasury shares within 30 days after the share repurchase, up to September 20, 2024.