Starlite Holdings Limited commences an Equity Buyback for 50,663,529 shares, representing 10% of its issued share capital, under the authorization approved on August 22, 2023.

Starlite Holdings Limited (SEHK:403) commences share repurchases on September 21, 2023, under the program mandated by the shareholders in the Annual General Meeting held on August 22, 2023. As per the mandate, the company is authorized to repurchase up to 50,663,529 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 Memorandum of Association and Bye-laws, and any other applicable laws of Bermuda. 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 August 22, 2023, the company has 506,635,288 shares in issue.