Summary by Moomoo AI
Hang Seng Bank Limited conducted a series of share repurchase activities from 18 to 26 April 2024 to repurchase 3,580,000 shares of ordinary shares representing 0.1874% of its issued shares. Pursuant to the Listing Rules of the Stock Exchange of Hong Kong Limited, the transaction was filed with the Exchange on April 26 with the Exchange on the following day's disclosure. The repurchased shares were not withdrawn and during the repurchase on April 26, Hang Seng Bank paid a total of HK$61,714,140 at a maximum price of HK$103.3 per share and a minimum price of HK$102.2. The repurchase was made pursuant to the Ordinary Resolution adopted by the Annual General Meeting on May 4, 2023, which authorizes the Bank to repurchase no more than 10% of the issued ordinary shares prior to the end of the 2024 Annual General Meeting. Since the adoption of the Ordinary Resolution, Hang Seng Bank has repurchased 6,314,000 shares on the exchange, representing 0.3303% of the issued shares.