Padini Seeks Shareholder Approval to Buy Back Up to 10% of Shares
Bitget2026/10/23 01:19- Padini Holdings will seek shareholder authorization to repurchase up to 10% of its issued shares at its November 25, 2026 annual meeting.
- The proposal permits purchases of 98,686,418 shares, rising to 113,489,381 if all employees' share option scheme options are awarded and exercised.
- Funding would come from internally generated funds or external borrowings, with spending capped at retained profits.
- The authority would expire at the next annual meeting unless renewed, or earlier if revoked or the statutory meeting deadline passes.
- The board recommends voting in favor of the proposal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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