Summary by Futu AI
Meituan submitted its disclosure report on September 4, 2024, disclosing the changes in the issuance of shares or treasury shares. The report shows that on September 4, 2024, Meituan issued 500 new shares at a price of HKD 14.5054 per share based on the share plan granted to employees (excluding directors) for share rewards or options. On the same day, Meituan also conducted a share repurchase, repurchasing a total of 4,207,000 shares at a repurchase price ranging from HKD 117.1 to HKD 119.9, with a total payment of HKD 498,338,502.2. The company confirms that all transactions have been approved by the board of directors and comply with all applicable listing rules and laws and regulations. In addition, Meituan obtained the authorization for repurchase on June 14, 2024, with a maximum repurchase of 623,505,601 shares. As of the reporting date, it has repurchased 120,440,100 shares, accounting for 1.9317% of the shares issued on that day (excluding treasury shares). The repurchased shares will be cancelled, and within 30 days after the repurchase, Meituan will not issue any new shares or sell or transfer treasury shares.