On October 28, 2024, Lufax (06623) and the joint offerors An Technology and Ping An Overseas Holdings jointly announced that the tender offer by Lufax will be completed...
Intelligence Financial News APP reported that Lufax (06623) and the joint offerors An Technology and Ping An Overseas Holdings jointly announced that the tender offer by Lufax will end at 4:00 pm on Monday, October 28, 2024 (Hong Kong time), without further revision or extension by the offeror group.
As of 4:00 pm on Monday, October 28, 2024 (Hong Kong time), the deadline stated in the comprehensive document for accepting the Lufax tender offer, the joint offerors have: received valid acceptance forms for 44,842 shares of Lufax stock, representing approximately 0.00% of the total number of Lufax shares issued as of the date of this joint announcement under the non-U.S. offer by Lufax; received valid acceptance forms for 57,828 shares of Lufax's American depositary shares, equivalent to 115,656 shares of Lufax stock, representing approximately 0.01% of the total number of Lufax shares issued as of the date of this joint announcement under the U.S. offer by Lufax, and have not yet received any valid acceptance forms for the Lufax options offer or Lufax performance share unit arrangements.
In addition to An Technology and Ping An Overseas Holdings opting for the share dividend plan with the Lufax stock (under which approximately 0.306 billion shares and 0.204 billion new Lufax shares have been distributed and issued to An Technology and Ping An Overseas Holdings, representing approximately 17.65% and 11.76% of the total number of Lufax shares issued as of the date of this joint announcement), and other than the acceptors under the non-U.S. offer by Lufax and the U.S. offer by Lufax, the offeror group and its concert parties have not acquired or agreed to acquire any Lufax shares or Lufax share rights, nor have they borrowed or lent any securities related to Lufax during the offer period.
Following the Lufax tender offer deadline, the joint offerors collectively hold interests in approximately 0.985 billion shares of Lufax stock, representing approximately 56.82% of the total number of Lufax shares issued as of the date of this joint announcement.
The Lufax tender offer does not trigger the cancellation conditions for Lufax's American depositary shares and Lufax shares under the Securities Exchange Act, nor does it cause Lufax's American depositary shares to fail to comply with the listing requirements of the NYSE.
Following the Lufax tender offer deadline and as of the date of this joint announcement, the public collectively holds approximately 0.44 billion shares of Lufax stock (approximately 25.39% of all Lufax shares issued). Therefore, Lufax still complies with the requirement of Rule 8.08(1)(a) of the listing rules for a minimum of 25% public shareholding.