AMTD Locks Up TGE Shares for Two Years and Repurchases 7.2 Million ADS
AMTD•AMTD Group and AMTD IDEA have agreed not to sell any of their TGE shareholdings for two years, reinforcing confidence in The Generation Essentials Group’s long-term value creation. Under existing repurchase programs, AMTD IDEA has bought 4.42 million ADS, AMTD Digital 2.80 million ADS and TGE 284,538 shares, with plans to accelerate buybacks.
1. Two-Year Lock-Up of TGE Shares
AMTD Group and AMTD IDEA have each committed not to sell any of their shareholdings in The Generation Essentials Group for two years, aligning with AMTD Digital’s similar pledge and underscoring confidence in TGE’s long-term value creation potential.
2. Share Repurchase Progress and Plans
Under the group’s repurchase programs, AMTD IDEA has acquired 4,417,036 ADS, AMTD Digital 2,798,473 ADS and TGE 284,538 ordinary shares. The boards consider current valuations significantly below fundamentals, intend to maintain and potentially expand buybacks, and will launch a global roadshow to engage investors.
