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Tencent Says At AGM, Will Propose Resolution To Issue Up To 20% Of Total Issued Shares

Reuters2021-04-08

April 8 (Reuters) - Tencent Holdings Ltd :

* AT AGM, WILL PROPOSE RESOLUTION TO ALLOT, ISSUE AND DEAL WITH SHARES UP TO 20% OF TOTAL NUMBER OF ISSUED SHARES

* AT AGM, RESOLUTION WILL BE PROPOSED FOR MANDATE TO REPURCHASE UP TO 10% OF TOTAL NUMBER OF ISSUED SHARES

Source text for Eikon: Further company coverage:

(Reuters.Briefs@thomsonreuters.com)

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Comment20

  • UTOtrader
    ·2021-04-12
    Issue more n more shares$
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  • Ericlam
    ·2021-04-09
    Hope to get more discounts 
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  • AppleMango
    ·2021-04-09
    Conflicting resolutions for issue of more shares and repurchase of own shares!!! Please like comments
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    • Ericlam
      Nice
      2021-04-09
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  • yellowverow
    ·2021-04-08
    Is it good or bad news? 
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    • Ericlam
      Nice
      2021-04-09
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  • Futou
    ·2021-04-08
    Is a good>bad news?
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    • Ericlam
      Nice
      2021-04-09
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  • Missunnymay
    ·2021-04-08
    Conflicting news? Why issue new shares and also buy back shares?
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    • Ericlam
      Nice
      2021-04-09
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  • Kok
    ·2021-04-08
    https://m.marketscreener.com/quote/stock/TENCENT-HOLDINGS-LIMITED-3045861/news/Tencent-nbsp-GENERAL-MANDATES-TO-ISSUE-AND-REPURCHASE-SHARES-RE-ELECTION-OF-DIRECTOR-AND-NOTICE-O-32916097/
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  • Kok
    ·2021-04-08
    The AGM aims to give directors the mandate to do it, but doesn't mean they will.
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  • Kok
    ·2021-04-08
    At the AGM, an ordinary resolution will be proposed for the Shareholders to consider and, if thought fit, grant a general mandate to Directors to repurchase Shares up to 10% of the total number of issued Shares at the date of passing this ordinary resolution.
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    • Ericlam
      Nice
      2021-04-09
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  • Kok
    ·2021-04-08
    At the AGM, an ordinary resolution will be proposed for the Shareholders to consider and, if thought fit, grant a general mandate to Directors to allot, issue and deal with Shares up to 20% of the total number of issued Shares at the date of passing this ordinary resolution. In addition, an ordinary resolution will also be proposed for the Shareholders to consider and, if thought fit, approve the extension of the Share Issue Mandate by adding to the total number of Shares which may be allotted or agreed conditionally or unconditionally to be allotted by the Directors pursuant to the Share Issue Mandate the number of Shares purchased under the Share Repurchase Mandate (referred to in section 2 below), if granted.
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  • gaof0002
    ·2021-04-08
    What does it mean? 
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    • Ironteam
      Sounds like more shares will be issued to raise funds but they will buy back some of it to mitigate the effects of share dilution.
      2021-04-08
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  • Ndus
    ·2021-04-08
    Is this a good news or a bad one?
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    • MZ39
      looks like its bad news if its diluting shares
      2021-04-08
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  • DominicChan
    ·2021-04-08
    Tell me your opinion about this news...
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  • DominicChan
    ·2021-04-08
    Tell me your opinion about this news...
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  • Ou Willy
    ·2021-04-08
    Issue new shares ?
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  • Cyou2
    ·2021-04-08
    Ok
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  • Avestor
    ·2021-04-08
    They need more $$ for expansion...
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  • ClydeSG
    ·2021-04-08
    Great
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  • JimmyChua
    ·2021-04-08
    Need cash
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  • Big__Boss
    ·2021-04-08
    nice
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