AMTD Digital Inc. Announces US$30million Share Repurchase Program
22 August 2023 - 3:15PM
Business Wire
AMTD Digital Inc. (“AMTD Digital” or “Company”) (NYSE: HKD),
announced today that the Company’s board of directors have
authorized a new share repurchase program under which the Company
may repurchase up to US$30 million of its American depositary
shares or ordinary shares until the close of business on December
29, 2023, U.S. Eastern Time. The Company plans to adopt and
implement this share repurchase program in accordance with
applicable rules and requirements under the Securities Exchange Act
of 1934, as amended, and the Company’s insider trading
policies.
The Company’s proposed repurchases may be made from time to time
in the open market at prevailing market prices, in privately
negotiated transactions, in block trades and/or through other
legally permissible means, depending on market conditions and in
accordance with applicable rules and regulations. The timing and
dollar amount of repurchase transactions will be subject to the
Securities and Exchange Commission Rule 10b-18 and Rule 10b-5
requirements. The Company’s board of directors will review the
share repurchase program periodically, and may authorize adjustment
of its terms and size. The Company expects to fund the repurchases
out of its existing cash balance.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital
solutions platform headquartered in France. Its one-stop digital
solutions platform operates four main business lines including
digital solutions services, digital media, content and marketing
services, digital investments as well as hospitality and VIP
services. It is the fusion reactor at the core of the AMTD
SpiderNet ecosystem and empowers and integrates the various digital
businesses within its ecosystem. For AMTD Digital’s announcements,
please visit https://ir.amtdigital.net/investor-news.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking” statements pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to,”
and similar statements. Statements that are not historical facts,
including statements about the beliefs, plans, and expectations of
AMTD Digital Inc., are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
filings of AMTD Digital Inc. with the SEC. All information provided
in this press release is as of the date of this press release, and
AMTD Digital Inc. does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
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IR Office AMTD Digital Inc. EMAIL: ir@amtdigital.com
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