STRENGTH IN UNITY Directors’ Report 110 Details of cancellation of the repurchased Shares are as follows: Month Number of shares cancelled 17 January 2023 1,734,000 6 March 2023 12,330,400 9 May 2023 9,467,000 31 May 2023 10,103,800 11 July 2023 5,189,200 28 July 2023 2,142,800 26 September 2023 6,725,600 12 October 2023 14,650,000 13 November 2023 19,252,800 18 December 2023 28,971,200 27 December 2023 28,284,800 10 January 2024 12,822,400 Total 151,674,000 The share repurchase reflects the Company’s confidence in its financial position, business fundamentals and prospects, and would, ultimately, benefit the Company and create value to the Shareholders. The share repurchase was financed by the Company with its existing available cash. The Board believes that the current financial resources of the Company would enable it to implement the share repurchase while maintaining a solid and healthy financial position for the continued growth of the Group’s operations. The issue of Japanese Yen Fixed Rate Notes under the US$2,000,000,000 Multicurrency Debt Issuance Programme On 30 June 2023, the Company entered into a Subscription Agreement with SMBC Nikko Capital Markets Limited and MUFG Securities Asia Limited Singapore Branch in connection with the issue of (i) JPY20,000,000,000 1.163% fixed rate notes due 2026 (the “2026 Notes”); and (ii) JPY10,000,000,000 1.682% fixed rate notes due 2030 (the “2030 Notes”), each under the US$2,000,000,000 Multicurrency Debt Issuance Programme of the Company (collectively “Notes” and “Notes Issue”). The offer price of the Notes will be 100.00% of the principal amount of the Notes. The Notes are direct, unconditional, unsubordinated and unsecured obligations of the Company and ranked pari passu, without any preference or priority amongst themselves, and pari passu with all other present and future unsecured obligations (other than subordinated obligations and priorities created by law) of the Company. All conditions under the Subscription Agreement were fulfilled and the Notes Issue was closed on 10 July 2023. The Notes are listed on Singapore Exchange Securities Trading Limited on 11 July 2023. The gross proceeds of the Notes Issue was JPY30,000,000,000. The gross proceeds arising from the issue of the Notes, after deduction of fees, commissions and expenses, was used for the refinancing of existing borrowings, financing of potential acquisition and investment opportunities which the Group may pursue in the future as well as working capital requirements and the general corporate purposes of the Group. Please refer to the Company’s announcements dated 23 June 2023, 30 June 2023 and 10 July 2023 for details. Shares Purchased By Trustee Under The Long Term Incentive Scheme During the financial year ended 31 December 2023, the trustee of the LTIS of the Company adopted on 2 June 2021, pursuant to the rules and trust deed of the LTIS, purchased on the Stock Exchange a total of 3,559,146 Shares of the Company at a total consideration of approximately US$5.6 million (approximately HK$43.9 million, excluding transaction costs). Saved as disclosed above, during the year ended 31 December 2023, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the listed securities of the Company.
RkJQdWJsaXNoZXIy MTIwODcxMw==