Techtronic Industries Company Limited commences an Equity Buyback Plan for 183,157,494 shares, representing 10% of its issued share capital, under the authorization approved on May 9, 2025.
Techtronic Industries Company Limited (SEHK:669) commences share repurchases on June 18, 2025, under the program mandated by the shareholders in the Annual General Meeting held on May 9, 2025. As per the mandate, the company is authorized to repurchase up to 183,157,494 shares, representing 10% of its issued share capital. The purpose of the program is to enhance the company?s net asset value per share and earnings per share.
The program will be funded from the company's available cash flow or working capital facilities and the funds of the company legally available for such purpose in accordance with the Articles of Association and the laws of Hong Kong, including profits otherwise available for distribution. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual general Meeting is required to be held or the date on which the authority is carried out to the full extent, unless varied or revoked in a General Meeting. As of May 9, 2025, the company had 1,831,574,941 shares in issue.
Techtronic Industries Co Ltd is an investment holding company principally engaged in power equipment products businesses. The Company mainly operates through two segments. The Power Equipment segment is mainly engaged in the sales of power tools, power tool accessories, outdoor products, and outdoor product accessories. Its power equipment products are sold under the MILWAUKEE, EMPIRE, AEG, RYOBI, HOMELITE, Imperial Blades, STILETTO and HART brands, or through original equipment manufacturer (OEM) customers. The Floorcare & Cleaning segment is primarily engaged in the sales of floorcare products and floorcare accessories. Its floorcare and cleaning products are sold under the HOOVER, DIRT DEVIL, VAX and ORECK brands, or through OEM customers.
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Techtronic Industries Company Limited commences an Equity Buyback Plan for 183,157,494 shares, representing 10% of its issued share capital, under the authorization approved on May 9, 2025.
