MNSO Seeks Specific Mandate to Issue Additional Upper Strike Shares After Dividend-Driven Adjustments

Bulletin Express04-24

MINISO Group Holding Limited (MNSO) will ask shareholders at the upcoming annual general meeting (AGM) to grant a specific mandate authorising directors to allot and issue additional Upper Strike Shares linked to the company’s outstanding Call Spread transaction.

The existing 2024 General Mandate originally covered the potential issuance of these shares; however, successive cash dividends have triggered downward adjustments to the Upper Strike Warrant’s exercise price and increased the number of shares that could be issued. Management now anticipates that future dividend payments within the warrant’s exercise period may push the required share count beyond the limit permitted by the 2024 General Mandate.

If approved, the specific mandate would allow directors to issue all Upper Strike Shares required under the warrant to the Call Spread counterparties, subject to the Hong Kong Stock Exchange’s listing approval.

The AGM notice and circular containing detailed terms of the proposed mandate will be released separately.

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