智通财经网·2025-11-05 15:10Group 1 - Cathay Pacific Airways has announced a commitment agreement with Qatar Airways to repurchase 643 million shares, representing approximately 9.57% of its issued shares, at a price of HKD 10.8374 per share, which is about 3.9% lower than the last trading price of HKD 11.28 [1] - Following the completion of the share repurchase, the public float of the company is expected to decrease to approximately 20.53%, below the minimum requirement of 25% as per the Listing Rules [1] - The company has applied for a public float waiver from the Stock Exchange, which has been granted, but details and reasons for the waiver must be disclosed [1] Group 2 - The board of directors considered several factors when deciding on the share repurchase, including that the repurchase price was set at a 3% discount to the volume-weighted average price over the five trading days ending November 3, 2025, presenting a good opportunity to enhance earnings per share [2] - The total cost of the share repurchase is HKD 6.969 billion, and the company will maintain sufficient cash to support its operations post-repurchase, considering its resources, future funding needs, and market conditions [2] - The share repurchase allows Qatar Airways to exit in an orderly manner, reducing potential market volatility that could arise from selling its shares in the market [2]