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
Entered ASR agreement with JPMorgan Chase Bank, National Association for $250 million with initial delivery of approximately 54.9 million Class A ordinary shares
ASR final shares based on volume-weighted average prices during term less discount, expected completion by Q2 2026
Entered CFP agreement with Morgan Stanley & Co. LLC for up to $150 million
CFP acquires shares by reference to daily prices at pre-agreed strike with discounts subject to thresholds, settlement in July 2026
Transactions part of $500 million share repurchase program authorized by Board in February 2026, the second such program in company history