Edding Genor Group Holdings Limited announced that its board has approved the use of the 2026 annual general meeting (AGM) share-repurchase mandate, allowing the company to buy back up to 10% of its issued share capital (excluding treasury shares) on the open market.
The repurchase price for each share will not exceed 5% above the average closing price over the five trading days immediately preceding each transaction. All buybacks must be completed before the 2027 AGM.
Repurchased shares may be allocated for employee incentives, market-capitalisation management, or other operational purposes deemed beneficial by the board.
The company emphasised that the actual timing, quantity, and pricing of repurchases will depend on market conditions and compliance with applicable regulations and its articles of association.
Comments