KE Holdings Inc. Announces Upsizing and Extension of Share Repurchase Program and a Special Cash Dividend
31 Août 2023 - 12:10PM
KE Holdings Inc. (“
Beike” or the
“
Company”) (NYSE: BEKE and HKEX: 2423), a leading
integrated online and offline platform for housing transactions and
services, today announced that its board of directors has approved
the upsizing and extension of its share repurchase program and the
declaration of a special cash dividend.
Upsizing and Extension of Share Repurchase
Program
As previously disclosed, in August 2022, the Company established
a share repurchase program under which the Company may purchase up
to US$1 billion of its Class A ordinary shares and/or ADSs over a
12-month period. From the launch of the share repurchase program in
September 2022 to August 2023, the Company in aggregate purchased
approximately 41.0 million American depositary shares
(“ADSs”) in the open market at a total
consideration of approximately US$605.0 million pursuant to the
share repurchase program.
On August 31, 2023, the Company’s board of directors approved
modifications to the existing share repurchase program, pursuant to
which the repurchase authorization has been increased from US$1
billion of its Class A ordinary shares and/or ADSs to US$2 billion
of its Class A ordinary shares and/or ADSs and extended until
August 31, 2024 (the “Extended Share Repurchase
Program”). In the annual general meeting (the
“AGM”) held on June 15, 2023, the shareholders of
the Company have approved to grant the board of directors a general
unconditional mandate to purchase the Company’s own shares (the
“2023 Share Repurchase Mandate”) which covers the
repurchases under the Extended Share Repurchase Program until the
conclusion of the next AGM of the Company. After the expiry of the
2023 Share Repurchase Mandate, the Company will seek for another
general unconditional mandate for repurchase from the shareholders
of the Company at the next AGM to continue its share repurchase
under the Extended Share Repurchase Program.
Special Cash Dividend
The Company is pleased to announce that its board of directors
approved a special cash dividend (the “Dividend”)
of US$0.057 per ordinary share, or US$0.171 per ADS, to holders of
ordinary shares and holders of ADSs of record as of the close of
business on September 15, 2023, Beijing/Hong Kong Time and New York
Time, respectively, payable in U.S. dollars. The aggregate amount
of the Dividend to be paid will be approximately US$0.2 billion,
which will be funded by surplus cash on the Company’s balance
sheet.
For holders of ordinary shares, in order to qualify for the
Dividend, all valid documents for the transfer of shares
accompanied by the relevant share certificates must be lodged for
registration with the Company’s Hong Kong branch share registrar,
Computershare Hong Kong Investor Services Limited, at Shops
1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East,
Wanchai, Hong Kong no later than 4:30 p.m. on September 15, 2023
(Beijing/Hong Kong Time). Dividend to be paid to the Company’s ADS
holders through the depositary bank will be subject to the terms of
the deposit agreement. The payment date is expected to be on or
around September 27, 2023 for holders of ordinary shares and on or
around October 3, 2023 for holders of ADSs.
About KE Holdings Inc.
KE Holdings Inc. is a leading integrated online
and offline platform for housing transactions and services. The
Company is a pioneer in building infrastructure and standards to
reinvent how service providers and customers efficiently navigate
and complete housing transactions and services in China, ranging
from existing and new home sales, home rentals, to home renovation
and furnishing, and other services. The Company owns and operates
Lianjia, China’s leading real estate brokerage brand and an
integral part of its Beike platform. With more than 21 years of
operating experience through Lianjia since its inception in 2001,
the Company believes the success and proven track record of Lianjia
pave the way for it to build its infrastructure and standards and
drive the rapid and sustainable growth of Beike.
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. Beike may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the “SEC”) and
The Stock Exchange of Hong Kong Limited (the “Hong Kong
Stock Exchange”), in its annual report to shareholders, in
press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties.
Statements that are not historical facts, including statements
about KE Holdings Inc.’s beliefs, plans, and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Beike’s goals and strategies; Beike’s future business
development, financial condition and results of operations;
expected changes in the Company’s revenues, costs or expenditures;
Beike’s ability to empower services and facilitate transactions on
Beike platform; competition in the industry in which Beike
operates; relevant government policies and regulations relating to
the industry; Beike’s ability to protect the Company’s systems and
infrastructures from cyber-attacks; Beike’s dependence on the
integrity of brokerage brands, stores and agents on the Company’s
platform; general economic and business conditions in China and
globally; and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in KE Holdings Inc.’s filings with the SEC and the Hong
Kong Stock Exchange. All information provided in this press release
is as of the date of this press release, and KE Holdings Inc. does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please
contact:
In China:KE Holdings Inc.Investor
RelationsSiting LiE-mail: ir@ke.com
The Piacente Group, Inc.Yang SongTel:
+86-10-6508-0677E-mail: ke@tpg-ir.com
In the United States:The Piacente Group, Inc.
Brandi PiacenteTel: +1-212-481-2050E-mail: ke@tpg-ir.com
Source: KE Holdings Inc.
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