SAMSONITE has announced a proposal to seek shareholder authorization for the issuance of shares in connection with a potential dual listing on a US stock exchange. Following the company's announcement on March 22, 2024, regarding its proposed dual listing, the Board anticipates issuing American Depositary Shares representing a fixed number of ordinary shares. Subject to global market conditions, the company may opt to issue new shares at the time of the potential dual listing.

Consequently, the company will seek shareholder approval for a mandate to issue new shares for the dual listing. This authorization is intended to allow the issuance without increasing the dilution beyond the level already approved by shareholders at the 2025 Annual General Meeting. Additionally, the company will propose amendments to its Articles of Incorporation to facilitate the potential dual listing and enable the listing of the ADS on a US exchange.

Furthermore, the company will seek shareholder approval to cancel all unexercised treasury shares immediately following the completion of the potential dual listing.