AIA Group cancels 58.9 million shares after buyback

AIA Group Limited (HKEX: 01299) cancelled 58,853,800 ordinary shares on February 6, 2025, following a share repurchase program. The shares, bought back between January 2 and January 28, 2025, were cancelled at an average price of HKD 53.47 per share. This cancellation reduces AIA's total issued shares from 10,792,704,294 to 10,733,850,494. The company also disclosed the repurchase of a further 7,003,800 shares on February 6, 2025, at prices ranging from HKD 52.15 to HKD 53.30 per share, for a total consideration of HKD 370,065,278.58. These shares are pending cancellation. AIA has repurchased 526,005,800 shares since obtaining a repurchase mandate on May 24, 2024, representing 4.68% of the issued share capital at the time of the mandate.