Samsonite (01910) has announced that, having purchased shares on the market since May 14, 2026 for a total consideration of US$50 million, the board of directors wishes to announce that the company will implement a further share buyback program (the Share Buyback Program) starting from November 13, 2026 under the 2026 share buyback mandate.
The board believes that the company's current share price is below its intrinsic value and may not fully reflect the company's business prospects, and that the Share Buyback Program reflects the board's confidence in the company's long-term business and growth prospects.
The board also believes that the Share Buyback Program reflects the disciplined approach the company has adopted in capital allocation and its emphasis on shareholder returns.
Furthermore, the Share Buyback Program will help offset the dilution effects arising from the exercise of share options and/or the vesting of restricted share units granted under the company's 2012 Share Award Scheme and 2022 Share Award Scheme, respectively.
The maximum size of the Share Buyback Program will not exceed US$50 million (equivalent to approximately HK$390.7 million at an exchange rate of US$1 to HK$7.8145).
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