Zhi Tong Cai Jing·2025-11-06 01:34Core Viewpoint - Cathay Pacific Airways has announced a commitment agreement with Qatar Airways for a share buyback, which is expected to impact the company's public float and stock price [1] Group 1: Share Buyback Details - Qatar Airways has irrevocably committed to a share buyback agreement for 643 million shares, representing approximately 9.57% of the 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] - The total cost of the share buyback is HKD 6.969 billion [2] Group 2: Public Float and Regulatory Compliance - Following the completion of the share buyback, the company's public float is expected to decrease from approximately 28.14% to about 20.53%, which is below the minimum requirement of 25% as per the Listing Rules [1] - The company has applied for a waiver from the Hong Kong Stock Exchange regarding the public float requirement, which has been granted, subject to the disclosure of details and reasons in an announcement [1] - The public float increased from approximately 25.04% to 28.14% due to the issuance of 278 million shares related to the exercise of bond conversion rights prior to this announcement [1]