Summary by Futu AI
Hang Seng Bank Limited submitted a new disclosure report to the Hong Kong Stock Exchange on September 2, 2024, disclosing the changes in share repurchases and/or the sale of treasury shares. The report shows that Hang Seng Bank repurchased a total of 4,856,000 ordinary shares through multiple transactions between August 1 and September 2, 2024, with a repurchase price per share ranging from HKD 88.8888 to HKD 95.1698. All repurchased shares are intended to be cancelled. In addition, Hang Seng Bank confirms that the repurchases have been made in accordance with the Main Board Listing Rules and there have been no material changes. The resolution for the repurchase authorization was passed on May 8, 2024, and the total number of shares that the issuer can repurchase under the authorization is 190,970,873 shares. As of the reporting date, 19,338,600 shares have been repurchased, accounting for 1.0126% of the repurchase authorization. The suspension period after the repurchase will continue until October 2, 2024.