Swire Pacific Limited (SEHK:19) commences share repurchases on August 19, 2022 under the program mandated by the shareholders in the Annual General Meeting held on May 12, 2022. As per the mandate, the company is authorized to repurchase up to 90,520,600 A shares and 298,187,000 B shares, representing 10% of its issued share capital. The company expects that the funds required for any buyback would be derived from its distributable profits.

The repurchases will be made in accordance with the Listing Rules and the laws of Hong Kong. The Directors believe that the ability to buy back shares is in the interests of the company and its shareholders. The program shall be valid until the earliest of the conclusion of the next Annual General Meeting, or the expiration of the period within which the next Annual General Meeting of the company is required by the bye-laws of company to be held or the passing of an ordinary resolution by the shareholders of the company in general meeting revoking or varying the authority given to the Directors of the company by the resolution.

As of May 12, 2022, the company has 905,206,000 A shares and 2,981,870,000 B shares in issue.