Abbisko Cayman Limited (SEHK:2256) commences share repurchases on March 13, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 14, 2023. As per the mandate, the company is authorized to repurchase up to 70,219,935 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share. The repurchase program will be funded out of funds legally available for the purpose in accordance with the Articles and the applicable laws of the Cayman Islands and the Listing Rules. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As at June 14, 2023, the company has 702,199,350 shares in issue.

On March 12, 2024, the company announce a share repurchase program. Under the program, the company will repurchase up to HKD 100 million worth of its shares. The repurchase program will be funded from the company?s own financial resources. The repurchased shares will be cancelled.