Samsonite Group S.A. (stock code: 01910) reported that all resolutions at its 19 March 2026 General Meeting (GM) and Extraordinary General Meeting (EGM) were approved, paving the way for a potential dual listing of American depositary shares (ADSs) on a U.S. exchange.

Key outcomes

1. Issuance mandate • Ordinary resolution passed with 94.35% support (1.03 billion shares in favour versus 61.39 million against). • Directors may allot, issue and deal with up to 138.31 million new shares—equivalent to the current unused authorised capital—should the ADS dual listing proceed.

2. Amendments to Articles of Incorporation • Special resolution received 99.99% approval (1.09 billion votes for, 586 against). • Changes allow ADS issuance, align notice periods with Luxembourg law and remove clauses no longer required under Hong Kong Listing Rules.

3. Treasury-share cancellation and capital reduction • Second special resolution also passed with 99.99% support. • The company will cancel 79.30 million treasury shares upon completion of the dual listing, reducing share capital by US$0.79 million.

Voting base and attendance

• Shares in issue as at 13 March 2026: 1.47 billion. • Treasury shares: 79.30 million, which carried no voting rights. • Shares eligible to vote: 1.39 billion. • All Samsonite directors were present at both meetings; Computershare Hong Kong Investor Services and CSC Global Solutions (Luxembourg) acted as scrutineers.

Implications

With shareholder backing, Samsonite now holds the necessary corporate authorities to (1) adjust its capital structure, (2) cancel outstanding treasury shares, and (3) complete preparatory steps for a potential U.S. ADS listing. Further implementation remains conditional on the actual execution of the dual-listing transaction.