Alibaba (09988/BABA/89988) has released an announcement disclosing changes in its issued shares as of November 22, 2024. According to the announcement, the company repurchased 23.71 million shares on the New York Stock Exchange between November 7th and 20th, 2024, and cancelled them on November 22nd, 2024. This repurchase accounted for 0.12% of the total issued shares of the company as of November 21, 2024. After cancellation, the total issued shares of the company decreased from 19.142 billion shares to 19.118 billion shares.
In addition, the company repurchased 3.73 million shares on November 21, 2024, at a repurchase price of $10.68-10.86 per share. This portion of the shares is planned to be cancelled, but as of the announcement date, the cancellation has not been completed. According to the repurchase authorization, the total number of shares that the company can repurchase is 1.874 billion shares, and the currently repurchased shares account for 0.86% of the total issued shares at the time of the repurchase authorization resolution. After the completion of the repurchase, the applicable suspension period for the issuance of new shares or the sale of treasury shares will end on December 21, 2024.