Core Viewpoint - Samsonite Group plans to hold a shareholder meeting on March 19, 2026, to discuss three key matters: granting dual listing issuance authorization, amending the Articles of Association, and canceling unexercised treasury shares [1] Group 1: Dual Listing - The company announced its intention to seek a dual listing on a U.S. stock exchange by issuing American Depositary Shares, expected to be announced on March 22, 2024 [1] - The board believes that dual listing will increase overall trading volume and make it easier for U.S. and global investors to access its shares, thereby enhancing shareholder value over time [1] - The board recommends granting authorization to issue up to 138 million shares, representing 9.97% of the total shares outstanding (excluding treasury shares) as of the announcement date, with a maximum discount of 15% from the last closing price prior to signing the underwriting agreement [1] Group 2: Amendments to Articles of Association - The board suggests amending the Articles of Association to facilitate the potential dual listing, removing clauses no longer required by the Hong Kong Stock Exchange Listing Rules, and adjusting the notice period for shareholder meetings to no less than 15 calendar days [1] Group 3: Cancellation of Treasury Shares - The company proposes to cancel all unexercised treasury shares to offset potential dilution effects from the dual listing [1] - The company has repurchased a total of 79.3 million shares at a cost of $200 million between June 7, 2024, and the annual shareholder meeting in 2025 [1]
新秀丽拟授出美国双重上市发行授权