Summary by Futu AI
Hang Seng Bank Limited submitted a new next-day disclosure statement on August 30, 2024, disclosing the changes in the issued shares or treasury shares. The statement shows that Hang Seng Bank repurchased a total of 4,556,000 ordinary shares through multiple trades between August 1, 2024, and August 30, 2024, at repurchase prices ranging from HKD 88.8888 to HKD 95.1698 per share. All repurchased shares are intended to be cancelled, but as of the end of the reporting period, they have not been cancelled. In addition, Hang Seng Bank confirms that all transactions have been formally authorized by the board of directors and comply with all applicable listing rules, laws, and other regulatory requirements. Based on the ordinary resolution passed by the shareholders on May 8, 2024, Hang Seng Bank is authorized to repurchase up to 10% of the issued shares of ordinary shares before the end of the 2025 annual general meeting. After the repurchase, Hang Seng Bank will enter a one-month suspension period until September 29, 2024.