Yum China cuts outstanding shares; repurchases 84,559 shares on 20 Aug, lifting 2026 buy-back total to 5.38 million

Bulletin Express08-21 17:09

Yum China Holdings, Inc. disclosed a fresh reduction in its share capital following further execution of its 2026 buy-back mandate.

Key takeaways 1. Net share reduction on 20 August • 69,285 shares repurchased on 19 August were cancelled on 20 August. • 43 new shares were issued to settle awards under long-term incentive plans. • Resulting net decrease: 69,242 shares, trimming the share base by 0.02%. • Issued share capital now stands at 342.29 million ordinary shares.

2. Same-day market repurchases • Hong Kong Stock Exchange: 22,600 shares acquired at HKD 374.20–379.20; consideration HKD 8.52 million (VWAP: ~HKD 376.34). • New York Stock Exchange: 61,959 shares acquired at USD 47.82–48.96; consideration USD 3.00 million (VWAP: ~USD 48.42). • All 84,559 shares bought on 20 August are earmarked for cancellation.

3. Shares awaiting cancellation • Including buys completed between 2 July and 20 August but not yet cancelled, 842,059 shares remain in the cancellation pipeline.

4. Progress under the 2026 repurchase mandate • Shareholder approval on 28 May 2026 authorised the company to repurchase up to 34.66 million shares. • Cumulative repurchases since then total 5.38 million shares, equal to 1.55% of the share count on the mandate date.

All transactions were executed through independent brokers—HK deals under a Hong Kong automatic repurchase agreement, and U.S. trades under a Rule 10b5-1 plan—complying with respective exchange regulations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment