Antengene Plans HK$50.00 Million On-Market Share Buyback Covering Up to 10% of Issued Shares

Bulletin Express
06/25

Antengene Corporation Limited has announced its intention to launch an on-market share repurchase program under the general mandate approved at the 10 June 2026 annual general meeting. The mandate permits the company to buy back as many as 67.92 million shares, equivalent to 10% of its issued share capital (excluding any treasury shares) as at the AGM date.

The board resolved on 24 June 2026 to execute the buyback at a maximum aggregate consideration of HK$50.00 million, subject to market conditions. Repurchased shares may either be cancelled or retained as treasury stock, depending on future capital management requirements.

Funding for the program will be sourced entirely from internal resources. Management stated that the initiative reflects confidence in Antengene’s business prospects and is intended to enhance shareholder value while maintaining a solid financial position.

As of the announcement date (25 June 2026), no shares have yet been repurchased. The company emphasized that the timing, quantity, and pricing of any repurchase will remain at the board’s discretion and will depend on prevailing market conditions.

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