DEKON AGR plans to conduct a share buyback in the market
DEKON AGR announced plans to repurchase up to HKD 500 million of H shares based on the authorization of the 2024 Annual General Meeting of Shareholders, primarily for employee stock ownership plans or equity incentives. The number of H shares to be repurchased will not exceed 10% of the total issued H shares, which is 12.8064 million shares
According to the announcement from DEKON AGR (02419), the company has resolved to exercise the general authorization granted to the board of directors at the 2024 Annual General Meeting of Shareholders held on April 22, 2025, to repurchase H shares based on market conditions.
The board of directors has decided to exercise the share repurchase authorization, intending to repurchase a total amount not exceeding HKD 500 million. The repurchased H shares will primarily be used for employee stock ownership plans or equity incentives or other situations permitted by laws and administrative regulations. The board will repurchase H shares in the open market at an appropriate time based on market conditions (proposed share repurchase).
According to the share repurchase authorization, the number of H shares to be repurchased shall not exceed 10% of the total number of H shares issued as of the date of the special resolution passed at the Annual General Meeting of Shareholders (excluding any H shares that have been repurchased but not yet canceled), which is 12.8064 million H shares
