8,847,800 and 8,236,800 Shares repurchased during the six months ended 30 June 2022 have been cancelled in June and July 2022 respectively. Details of cancellation of the repurchased Shares are as follows: Date Number of Shares cancelled 8 June 2022 5,836,000 21 June 2022 3,011,800 12 July 2022 1,823,600 13 July 2022 6,413,200 Total 17,084,600 The share repurchase reflects the Company’s confidence in its financial position, business fundamentals and prospects, and would, ultimately, benefit the Company and create value to the Shareholders. The share repurchase was financed by the Company with its existing available cash. The Board believes that the current financial resources of the Company would enable it to implement the share repurchase while maintaining a solid and healthy financial position for the continued growth of the Group’s operations. Redemption And Cancellation Pursuant To The US$2,000,000,000 Multicurrency Debt Issuance Programme Reference is made to the S$350,000,000 in aggregate principal amount of 6.75 per cent. fixed rate notes due 2022 (ISIN Code: SGXF43834302) (the “S$350m Notes”) and the US$425,000,000 in aggregate principal amount of 7.875 per cent. fixed rate notes due 2022 (ISIN Code: XS1970560451) (“US$425m Notes”) issued by the Company, pursuant to its US$2,000,000,000 Multicurrency Debt Issuance Programme, scheduled to mature on 1 February 2022 and 4 April 2022 respectively. As 1 February 2022 was not a business day (as defined in the terms and conditions of the S$350m Notes), the Company has made payment on 3 February 2022 and 4 April 2022 for the redemption in full of all the outstanding S$350m Notes and US$425m Notes respectively at 100.0 per cent. of its principal amount respectively. Following the full redemption of all the outstanding S$350m Notes and US$425m Notes, the S$350m Notes and US$425m Notes were cancelled in accordance with the terms and conditions of the S$350m Notes and US$425m Notes and, following such cancellation, there were no outstanding S$350m Notes on 3 February 2022 and US$425m Notes on 4 April 2022 respectively. Please refer to the Company’s announcements dated 3 February 2022 and 4 April 2022 for details. Shares Purchased By Trustee Under The Long Term Incentive Scheme During the six months ended 30 June 2022, under the Long Term Incentive Scheme of the Company adopted on 2 June 2021, the trustee of the Long Term Incentive Scheme, pursuant to the rules and trust deed of the scheme, purchased on the Stock Exchange a total of 257,867 Shares of the Company at a total consideration of approximately US$0.8 million (approximately HK$6.3 million). Save as disclosed above, during the six months ended 30 June 2022, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the listed securities of the Company. E S R G R O U P L I M I T E D I N T E R I M R E P O R T 2 0 2 2 39
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