Core Viewpoint - The company, Helen's (09869), has received shareholder approval to repurchase up to 10% of its issued shares, amounting to a maximum of 127 million shares, reflecting confidence in its growth prospects and financial health [1] Group 1 - Shareholders approved a general and unconditional authorization for the board to repurchase shares at the annual general meeting on May 14, 2025 [1] - The repurchase authorization will expire upon the earliest occurrence of several conditions, including the conclusion of the next annual general meeting in 2026 or the expiration of any applicable legal requirements [1] - On November 6, 2025, the board decided to exercise the share repurchase authorization, intending to buy back shares in the open market using existing internal financial resources [1] Group 2 - The company believes that the current trading price of its shares does not adequately reflect its intrinsic value [1] - The share repurchase is seen as a move to enhance the net asset value and earnings return per share, aligning with the best interests of the company and its shareholders [1]
海伦司决定行使回购股份授权