Lufax Holding Ltd. (LU) has released an update.
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Lufax Holding Ltd. has announced a proposal for a special dividend of US$1.21 per share, providing shareholders the option to receive payment in cash or additional shares. The proposed dividend is contingent on approval at the upcoming Annual General Meeting and must comply with the Cayman Islands Companies Act and receive listings approvals from the Hong Kong and New York Stock Exchanges. The company cautions that the special dividend could lead to mandatory general offer obligations under the Takeovers Code if certain shareholders’ stakes increase by more than 2% as a result of the dividend.
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