HELENS (09869) has decided to exercise the share repurchase authorization.

date
17:04 06/11/2025
avatar
GMT Eight
Helen Company (09869) announces that shareholders have approved in a general meeting on May 14, 2025, the unconditional granting of...
HELENS (09869) announces that the shareholders approved a general and unconditional authorization to the directors on May 14, 2025, to repurchase up to 10% of the total issued shares on the day of the shareholders' annual general meeting (up to 127 million shares). This authorization will expire at the earliest of (i) the end of the next annual general meeting of the company in 2026, (ii) the expiration of the deadline for the company's articles of association or any applicable laws requiring the convening of the next annual general meeting, or (iii) the date on which the shareholders withdraw or modify the authorization. On November 6, 2025, the board of directors decided to exercise the share repurchase authorization, intending to repurchase a number of shares up to the authorized limit using existing internal financial resources from the open market (share buyback). The company believes that the current trading price of the shares does not fully reflect the intrinsic value of the company, and the share buyback reflects the company's long-term confidence in its business growth prospects and financial condition, enhancing the net asset value and profitability per share, in the best interests of the company and shareholders.