Samsonite Launches Share Buyback to Enhance Value

Samsonite International SA (HK:1910) has released an update.

Samsonite International S.A. has announced a share buyback program starting from June 7, 2024, until the next annual general meeting in 2025, with a maximum expenditure of US$200 million to enhance shareholder value and offset dilution from share awards. The buyback reflects the Board’s belief that the current share price undervalues the company’s true worth and business prospects. The repurchases will be funded through internal resources and conducted in compliance with relevant regulations, although the final decision on repurchases will depend on market conditions.

For further insights into HK:1910 stock, check out TipRanks’ Stock Analysis page.