The fortuitous material derating of peers has helped make the buyback attractive. Therefore, the votes should pass, and the minimum acceptance condition should be met.
What is covered in the Full Insight:
Introduction
Share Buyback Overview
Valuation and Peer Comparison
Shareholder Approval Process
Proration Sensitivity Analysis
Boomeranged on Wed, 19 Feb 2025 12:33
The vote comfortably passed, and the minimum tendering condition was met. Therefore, the buyback is unconditional. The current acceptances of 1,338.0m H Shares imply a proration of 62.91%. The final closing date is 5 March.
SUMMARY
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