6-K - Grab Holdings Limited | StockGist

AI Analysis

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Grab Holdings Limited entered into an accelerated share repurchase (ASR) agreement with JPMorgan Chase Bank, National Association for $250 million and a contingent forward purchase (CFP) agreement with Morgan Stanley & Co. LLC for up to $150 million worth of its Class A ordinary shares. These transactions execute up to $400 million of the company's $500 million share repurchase program authorized by its Board of Directors in February 2026, funded from existing cash reserves.

Key Takeaways

1Entered ASR agreement with JPMorgan Chase Bank, National Association for $250 million with initial delivery of approximately 54.9 million Class A ordinary shares

2ASR final shares based on volume-weighted average prices during term less discount, expected completion by Q2 2026

3Entered CFP agreement with Morgan Stanley & Co. LLC for up to $150 million

4CFP acquires shares by reference to daily prices at pre-agreed strike with discounts subject to thresholds, settlement in July 2026

5Transactions part of $500 million share repurchase program authorized by Board in February 2026, the second such program in company history

6Funded from existing cash reserves

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$400.0M

Transaction Details

Material Agreement

Agreement: Accelerated Share Repurchase (ASR) Agreement and Contingent Forward Purchase (CFP) Agreement
Parties: JPMorgan Chase Bank, National Association, Morgan Stanley & Co. LLC

•ASR: pay $250 million for initial delivery of approximately 54.9 million Class A ordinary shares representing approximately 80% of total shares that may be repurchased based on last closing price
•ASR final number of shares based on average of volume-weighted average prices on specified dates less customary discount, subject to adjustments
•ASR transactions expected to be completed by Q2 2026
•CFP: acquire up to $150 million worth of Class A ordinary shares by reference to daily prices at pre-agreed strike price with number of shares at discount to pre-set reference price subject to upper threshold
•CFP: shares reduced if reference price in certain range, none if market price exceeds upper threshold; aggregate payable not exceed $150 million, settlement July 2026
•Part of $500 million share repurchase program authorized by Board of Directors in February 2026
•Funded from existing cash reserves

Exhibits (2)

6-K

99.1

EX-99.1