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This document reports the share buyback activities of Pacific Online Limited as required by the Stock Exchange of Hong Kong.

How to fill out share buyback report

How to fill out Share Buyback Report

1. Obtain the Share Buyback Report form from the relevant regulatory authority.
2. Fill in the company's name and registration details at the top of the report.
3. Specify the period for which the buyback occurred.
4. List the types of shares repurchased, including class and number.
5. Indicate the total cost of the shares bought back.
6. Provide details on the method of buyback (e.g., open market, tender offer).
7. Include any relevant dates, such as the start and end date of the buyback program.
8. Sign and date the report, ensuring all information is accurate and complete.
9. Submit the report to the appropriate regulatory body, as required by law.

Who needs Share Buyback Report?

1. Companies engaging in share repurchase programs.
2. Investors tracking corporate buyback activities.
3. Regulatory authorities monitoring compliance with financial regulations.

People Also Ask about

What is the main disadvantage of buying back shares?

The key advantages of share buyback are efficient use of cash reserves, protection against a hostile takeover and positive growth prospects. Miscalculation of company valuation and delay in major investment projects are some of the major drawbacks of a share buyback.

Is it good to buy shares during buyback?

With a buyback, the company can increase earnings per share, all else equal. The same earnings pie cut into fewer slices is worth a greater share of the earnings. By reducing share count, buybacks increase the stock's potential upside for shareholders who want to remain owners.

How to check share buyback?

Check Announcement: Look for the company's public buyback notice (e.g., tender offer details). Eligibility: Confirm you hold shares before the record date. Submit Application: For tender offers, submit a form to the company or broker with the number of shares you wish to sell.

Why buy back shares instead of dividends?

A buyback is strictly better than a dividend because the option to cash out is retained by the shareholder. A dividend creates an irrevocable taxable event.

What is the 10-12 rule for share buy back?

(4) The 10/12 limit for a company proposing to make a buy-back is 10% of the smallest number, at any time during the last 12 months, of votes attaching to voting shares of the company.

What are the disadvantages of buyback of shares?

Drawbacks of Share Buyback Risk of Overvaluation: If the stock is not undervalued, a buyback can lead to capital misallocation. Reduced Liquidity: Fewer outstanding shares can reduce market liquidity, affecting trading volumes. Short-term Focus: Buybacks might prioritise short-term gains over long-term investments.

What are the new rules for buyback of shares?

The Finance Act (No. 2), 2024, fundamentally changed the tax treatment of share buybacks. Now, the tax liability rests with the shareholder. The entire buyback amount received by a shareholder is treated as dividend income and taxed ing to their individual income tax slab rate.

What's wrong with stock buybacks?

Critics of buybacks argue that the practice represents taking away resources that would be better spent on employee wages and benefits or investments that could lead to more jobs later.

For pdfFiller’s FAQs

What is Share Buyback Report?

A Share Buyback Report is a regulatory document filed by a company to disclose information regarding the repurchase of its own shares from the market.

Who is required to file Share Buyback Report?

Publicly traded companies that undertake share buyback transactions are required to file a Share Buyback Report with the relevant regulatory authority.

How to fill out Share Buyback Report?

To fill out the Share Buyback Report, the company must provide detailed information including the number of shares repurchased, the purchase price, the purpose of the buyback, and the date of transactions, among other details.

What is the purpose of Share Buyback Report?

The purpose of the Share Buyback Report is to enhance transparency regarding the company's buyback activities, provide investors with critical information, and ensure compliance with regulatory requirements.

What information must be reported on Share Buyback Report?

Information that must be reported includes the total number of shares bought back, the price paid per share, the date of the repurchase, the intended purpose for the buyback, and any relevant legal or financial details.