AMTD Digital Repurchases 2.8 Million ADS, Group Plans Accelerated Buybacks
HKD•On June 22 AMTD Digital Inc. and its affiliates repurchased 2.8 million ADS under its share buyback program, bringing the group's total ADS repurchases to 7.5 million across AMTD Digital, AMTD IDEA and TGE. The boards plan to accelerate buybacks, oppose short-selling and launch a global investor roadshow.
1. Share Repurchase Progress
As of June 22 AMTD Digital has repurchased 2,798,473 American depositary shares under its program, contributing to the group’s cumulative repurchases of 4,417,036 ADS by AMTD IDEA, 2,798,473 ADS by AMTD Digital and 284,538 ordinary shares by TGE.
2. Board Confidence and Buyback Acceleration
The boards of AMTD Digital, AMTD IDEA and TGE believe their listed shares are significantly undervalued relative to fundamental values, strongly oppose short-selling activities and have committed to continue and expand share repurchase programs.
3. Investor Engagement Roadshow
AMTD will launch a global roadshow to strengthen communication with investors by showcasing its diversified operations across digital media, entertainment, hospitality and fintech sectors and reaffirming its focus on long-term shareholder value.
