Linklaters Advised Cathay Pacific on Its Possible Off-Market Share Buy-Back

Linklaters Advised Cathay Pacific on Its Possible Off-Market Share Buy-Back

Linklaters is advised Cathay Pacific Airways Limited (Cathay Pacific) on its possible off-market share buy-back of 643,076,181 shares from Qatar Airways Group Q.C.S.C., representing approximately 9.57% of the total issued share capital of Cathay Pacific. The total consideration for the buy-back is approximately HK$6.97bn (US$896.5m).

The proposed transaction is subject to independent shareholder approval.

Cathay is a leading premium travel lifestyle brand based in Hong Kong SAR. Flights are provided by Cathay Pacific, the home airline of Hong Kong and a founding member of the one world global alliance.

Corporate partner Roger Cheng commented:

“We are delighted to have supported Cathay Pacific on this matter. This matter involves complex and inter-related issues under the Hong Kong Listing Rules, the Takeovers Code and the Share Buy-back Code, and we are grateful for the trust that Cathay Pacific has placed with us.”

The Linklaters team is led by corporate Roger Cheng (Partner) and Inez Wong (Solicitor) and Zoe Cheung (Associate)

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