AMTD IDEA Successfully Completed Its Share Repurchase Program

Rhea-AI Summary

AMTD IDEA Group has completed the repurchase of all shares authorized under the US$40 million repurchase program. The Chairman, Dr. Feridun Hamdullahpur, expressed confidence in the company's future.

PARIS & NEW YORK & SINGAPORE--(BUSINESS WIRE)-- AMTD IDEA Group (“AMTD IDEA” or “Company”, NYSE: AMTD; SGX: HKB) announced today that the Company has successfully completed the repurchase of all of the shares authorised under the US$40 million repurchase program previously announced.

Dr. Feridun Hamdullahpur, Chairman of the Company commented, “We are fully confident about the sustainable values of the Company as well as the diversity harvested through the Company’s successful international business development and positioning. We are committed to creating long term values for shareholders and continuing our expansion through global partnerships and initiatives.”

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global capital markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles as well as hospitality and VIP services. Through our unique eco-system – the "AMTD SpiderNet" - AMTD IDEA Group is uniquely positioned as an active superconnector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter") at @AMTDGroup.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240205905528/en/

IR Office

AMTD IDEA Group

ir@amtdinc.com

Source: AMTD IDEA Group

FAQ

What is the ticker symbol for AMTD IDEA Group?

The ticker symbol for AMTD IDEA Group is AMTD.

What repurchase program did AMTD IDEA Group complete?

AMTD IDEA Group completed the repurchase of all shares authorized under the US$40 million repurchase program.

Who is the Chairman of AMTD IDEA Group?

Dr. Feridun Hamdullahpur is the Chairman of AMTD IDEA Group.

What did Dr. Feridun Hamdullahpur comment on the repurchase?

Dr. Feridun Hamdullahpur expressed confidence in the company's future.

What stock exchanges is AMTD IDEA Group listed on?

AMTD IDEA Group is listed on NYSE with the ticker symbol AMTD and SGX with the ticker symbol HKB.