Cathay completes buyback of warrants from Hong Kong government

Cathay Pacific completed the buyback of all the warrants it had issued to the Hong Kong SAR Government in 2020 as part of its recapitalisation on September 13, 2024. The warrant buyback was valued at around HK$1.53bn ($196.2 million). On July 31, Cathay redeemed the remaining 50% of the preference shares that were also issued as part of its recapitalisation. A total of HK$2.44 billion ($312.9 million) was paid in preference share dividends. Together with the warrant buyback, this represents a payment of nearly HK$4 billion ($512.9 million) to the HKSAR Government. “Completing the buyback of the preference shares and