Updated August 23, 2026 · through Special Situations Digest #29 (Aug 23, 2026) · 65 this week
A running index of capital return announcements covered in the Special Situations Digest: recent share buyback authorizations, special dividends, tender-back programs, and excess-cash distributions across global markets, with each item linked to the underlying filing. Below: the 100 most recent situations spanning 21 countries. Earlier coverage includes 525+ additional situations from prior issues.
Capital returns — buybacks, special dividends, and large recurring distributions — are often a leading indicator of management's view on intrinsic value. The setup matters more than the headline: small buyback authorizations on a $10B market cap are mostly cosmetic; a $1B authorization on a $3B company is a structural commitment. Special dividends, particularly those linked to one-time asset sales, can drive material short-term repricing as the ex-dividend mechanics work through.
The full weekly digest covers 500 to 700 situations across 25+ markets every Sunday (608 in Digest #29), with Excel/PDF/JSON exports, Copy-for-LLM and a searchable database of 9,500+ situations. Subscribe for full access.
Related: Odd-lot tender offers and self-tenders explained.
Jump to country
Japan 21 situations
Bull-Dog Sauce Co., Ltd. 2804.T (JP) · ¥1,844.00 · MCAP $146M · EV $143M
Bull-Dog Sauce Co., Ltd. (2804) is updating its management plan to address a price-to-book ratio below 1.0x and an ROE that is roughly equivalent to its 4% to 5% cost of equity capital.
Featured in Issue #29 · Aug 23, 2026
Papyless Co., Ltd. 3641.T (JP) · ¥973.00 · MCAP $53M · EV -$13M
Papyless acquired treasury shares via a ToSTNeT-3 off-auction block trade on the Tokyo Stock Exchange on August 21, 2026.
Featured in Issue #29 · Aug 23, 2026
Eltes Co., Ltd. 3967.T (JP) · ¥605.00 · MCAP $24M · EV $31M
Eltes Co., Ltd. (3967.T) reduced its potential share count by 860,700 shares to eliminate a dilution overhang.
Featured in Issue #29 · Aug 23, 2026
NICHIDEN Corporation 9902.T (JP) · ¥3,035.00 · MCAP $564M · EV $452M
NICHIDEN Corporation (9902) completed its treasury stock acquisition and will cancel the acquired shares.
Featured in Issue #29 · Aug 23, 2026
Advantest Corporation 6857.T (JP) · ¥35,900.00 · MCAP $163.5B · EV $161.6B
In July 2026, Advantest acquired 1,684,500 shares for JPY 47,957,660,500 (~$302M).
Featured in Issue #29 · Aug 23, 2026
MERF Co., Ltd. 3168.T (JP) · ¥1,442.00 · MCAP $128M · EV $234M
Board resolved to propose a year-end dividend with record date August 31, 2026.
Featured in Issue #29 · Aug 23, 2026
Curves Holdings Co., Ltd. 7085.T (JP) · ¥960.00 · MCAP $556M · EV $521M
Curves Holdings Co., Ltd. (TSE Prime: 7085) resolved to cancel 1,000,000 treasury shares under Article 178 of the Companies Act.
Featured in Issue #29 · Aug 23, 2026
NEXON Co., Ltd. 3659.T (JP) · ¥3,045.00 · MCAP $15.0B · EV $10.1B
NEXON Co., Ltd. (3659.T) is returning ¥324.00 billion (~$2.0B) (US$2.00 billion) to shareholders via a special dividend to improve capital efficiency.
Featured in Issue #29 · Aug 23, 2026
Kyushu Financial Group, Inc. 7180.T (JP) · JPY 1,548 · MCAP $4.1B
Cumulative treasury stock acquired stands at 1,792,300 shares, representing 14.94% of the share limit.
Featured in Issue #28 · Aug 16, 2026
Atlas Technologies Co., Ltd. 9563.T (JP) · JPY 321 · MCAP $15M · EV $5M
Atlas Technologies Corporation (9563.T) will pay its inaugural dividend of ¥7.00 per share for the fiscal year ending December 2026.
Featured in Issue #28 · Aug 16, 2026
Precision System Science Co., Ltd. 7707.T (JP) · JPY 219 · MCAP $38M · EV $37M
Total dividend amount is JPY 54,921,000, (~$344.8K) sourced from retained earnings.
Featured in Issue #28 · Aug 16, 2026
Shinozakiya Co., Ltd. 2926.T (JP) · ¥119.00 · MCAP $11M
Board resolved a 40th Anniversary Special Dividend of ¥1 per share.
Featured in Issue #28 · Aug 16, 2026
GMO Pepabo, Inc. 3633.T (JP) · JPY 2,200 · MCAP $71M · EV $42M
GMO Pepabo (3633.T) raised its dividend to ¥167 per share, adding a ¥74 special dividend to the ordinary ¥93 payout.
Featured in Issue #28 · Aug 16, 2026
Nexon Co., Ltd. 3659.T (JP) · JPY 3,022 · MCAP $14.9B · EV $10.0B
NEXON Co., Ltd. (3659.T) is increasing shareholder returns through a ¥415 per share special dividend and a treasury share cancellation.
Featured in Issue #28 · Aug 16, 2026
Hanwa Co., Ltd. 8078.T (JP) · JPY 1,842 · MCAP $2.2B · EV $4.0B
An earlier November 7, 2025 resolution (1,000,000 shares, ¥5,000,000,000 (~$31M)) is 100.0% complete by value at ¥4,999,863,000 (~$31M).
Featured in Issue #28 · Aug 16, 2026
Tokio Marine Holdings, Inc. 8766.T (JP) · JPY 7,540 · MCAP $89.9B
Cumulative repurchases through July 31, 2026 total 38,625,800 shares for ¥287,399,432,800 (~$1.8B) — 80.12% of authorized shares and 100.00% of authorized yen value.
Featured in Issue #28 · Aug 16, 2026
Asahi Kasei Corporation 3407.T (JP) · JPY 1,702 · MCAP $14.4B · EV $20.3B
Asahi Kasei Corporation (3407.T) has utilized 73.5% of its authorized buyback budget.
Featured in Issue #28 · Aug 16, 2026
Mabuchi Motor Co., Ltd. 6592.T (JP) · JPY 1,742 · MCAP $2.6B · EV $1.9B
In July 2026, Mabuchi repurchased 2,475,100 shares for JPY 4,020,411,800 (~$25M) via discretionary market purchases on the Tokyo Stock Exchange.
Featured in Issue #28 · Aug 16, 2026
JSH Co., Ltd. 150A.T (JP) · JPY 619 · MCAP $22M · EV $25M
JSH Co., Ltd. (150A.T) announced its first-ever dividend forecast of ¥3.00 per share for the fiscal year ending March 2027.
Featured in Issue #28 · Aug 16, 2026
Medley, Inc. 4480.T (JP) · JPY 2,677 · MCAP $508M · EV $550M
Medley, Inc. (TSE Prime: 4480) resolved on August 13, 2026 to pay its first-ever dividend from retained earnings.
Featured in Issue #28 · Aug 16, 2026
Aval Data Corporation 6918.T (JP) · ¥3,930.00 · MCAP $144M
Aval Data Corporation's board resolved to cancel 353,700 treasury shares under Article 178 of the Companies Act.
Featured in Issue #28 · Aug 16, 2026
United States 19 situations
Arbutus Biopharma Corporation ABUS (US) · $5.21 · MCAP $1.0B · EV $942M
Arbutus plans a modified Dutch Auction tender offer to repurchase up to US$230 million of its common shares.
Featured in Issue #29 · Aug 23, 2026
Docebo Inc. DCBO (US) · $24.69 · MCAP $617M
Docebo Inc. (DCBO) increased the price of its self-tender offer to US$25.00 per share to narrow the spread to market.
Featured in Issue #29 · Aug 23, 2026
Ubiquiti Inc. UI (US) · $559.00 · MCAP $33.8B · EV $33.3B
Ubiquiti Inc. (UI) expanded its capital return program by extending its share buyback to $500 million and committing to a quarterly dividend floor.
Featured in Issue #29 · Aug 23, 2026
United States Antimony UAMY (US) · $5.49 · MCAP $822M · EV $776M
United States Antimony (UAMY) authorized a share repurchase program of up to $100 million.
Featured in Issue #29 · Aug 23, 2026
Ethan Allen Interiors Inc. ETD (US) · $23.39 · MCAP $595M · EV $582M
Ethan Allen Interiors Inc. (ETD) will return approximately $76 million to shareholders via a $3.00 per share special cash dividend.
Featured in Issue #29 · Aug 23, 2026
CBL International Limited BANL (US) · $12.65 · MCAP $27M · EV $16M
On August 18, 2026, CBL International's board declared a special cash dividend of $0.10 per share on its class A and class B ordinary shares, payable September 18, 2026 to shareholders of record as of the close of…
Featured in Issue #29 · Aug 23, 2026
Curtiss-Wright Corporation CW (US) · $634.99 · MCAP $23.5B · EV $24.1B
Curtiss-Wright Corporation (CW) expanded its 2026 share repurchase program by $100M to increase total expected annual buybacks to $260M.
Featured in Issue #29 · Aug 23, 2026
Coherus Oncology, Inc. CHRS (US) · $1.42 · MCAP $219M · EV $168M
Coherus Oncology (CHRS) declared a special dividend of contingent value rights (CVRs) to give shareholders a direct claim on proceeds from the sale or license of its remaining Legacy BioSim Assets.
Featured in Issue #29 · Aug 23, 2026
XP Inc. XP (US) · $16.81 · MCAP $8.5B
XP Inc. (XP) is reducing its share count by 2.3% to boost per-share metrics following a board decision on August 17, 2026.
Featured in Issue #29 · Aug 23, 2026
Banco Bilbao Vizcaya Argentaria, S.A. BBVA (US) · $29.04 · MCAP $160.1B
Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) has deployed €246,999,722.12 (~$288M) in cumulative share repurchases as of August 14, 2026.
Featured in Issue #29 · Aug 23, 2026
Intchains Group Limited ICG (US) · $0.94 · MCAP $51M · EV -$18M (negative EV reflects cash in excess of market value)
H1 2026 revenue of RMB11.1 million (~$1.6M) ... net loss of RMB148.9 million (~$21.9M).
Featured in Issue #29 · Aug 23, 2026
Pegasystems Inc. PEGA (US) · $32.32 · MCAP $5.3B · EV $5.0B
Pega announced a per-share rate of approximately $0.083 for the special cash dividend of $7 million.
Featured in Issue #28 · Aug 16, 2026
Ambev S.A. ABEV (US) · $2.80 · MCAP $43.7B · EV $40.8B
Ambev S.A. (ABEV) is canceling 279,000,000 registered common shares held in treasury to increase per-share value for remaining holders.
Featured in Issue #28 · Aug 16, 2026
Safe Pro Group Inc. SPAI (US) · $6.17 · MCAP $127M · EV $113M
Safe Pro Group Inc. (SPAI) effectively exhausted its Treasury Stock Repurchase Program by spending $2,315,682 to repurchase 474,630 shares during the six months ended June 30, 2026.
Featured in Issue #28 · Aug 16, 2026
Flowco Holdings FLOC (US) · $23.73 · MCAP $1.0B · EV $2.4B
Flowco Holdings Inc. (FLOC) declared a one-time special cash dividend of $0.14 per share to signal strong cash generation.
Featured in Issue #28 · Aug 16, 2026
CorMedix Inc. CRMD (US) · MCAP $588M
During the three months ended June 30, 2026, CorMedix repurchased and retired 0.8 million shares for $6.4 million.
Featured in Issue #28 · Aug 16, 2026
Birkenstock Holding PLC BIRK (US) · $39.35 · MCAP $7.0B · EV $8.4B
Birkenstock Holding plc (BIRK) priced a secondary offering of 25,523,226 shares at $39.35 per share to facilitate capital return.
Featured in Issue #28 · Aug 16, 2026
Opendoor Technologies Inc. OPEN (US) · $3.64 · MCAP $3.5B · EV $4.6B
Opendoor reduced shares outstanding by 5% in a share buyback.
Featured in Issue #28 · Aug 16, 2026
American Express Company AXP (US) · $342.48 · MCAP $231.3B
American Express Company (AXP) is refinancing its preferred capital stack by replacing Series D preferred shares with new Series E preferred shares.
Featured in Issue #28 · Aug 16, 2026
China 14 situations
Guangdong Haid Group Co., Limited 002311.SZ (CN) · ¥45.79 · MCAP $11.2B · EV $11.3B
Guangdong Haid Group approved changing the use of 75,557 repurchased shares to cancellation and registered-capital reduction.
Featured in Issue #29 · Aug 23, 2026
Zhuhai Port Co., Ltd. 000507.SZ (CN) · ¥4.95 · MCAP $667M · EV $1.9B
Board approved changing the use of 14,130,000 repurchased shares (1.54% of total) from equity incentives to cancellation and reduction of registered capital.
Featured in Issue #29 · Aug 23, 2026
JiajiaYue Group Co., Ltd. 603708.SS (CN) · ¥9.02 · MCAP $848M · EV $988M
Board approved cancellation of 19,230,241 shares held in the buyback account on August 20, 2026.
Featured in Issue #29 · Aug 23, 2026
Zhejiang China Light & Textile City Group Co., Ltd. 600790.SS (CN) · ¥3.33 · MCAP $682M · EV $1.1B
Company to cancel 107,875,522 repurchased shares, reducing total share capital from 1,465,790,928 to 1,357,915,406 shares.
Featured in Issue #29 · Aug 23, 2026
Daqin Railway Co., Ltd. 601006.SS (CN) · ¥4.67 · MCAP $14.3B · EV $14.8B
Daqin Railway Co., Ltd. (601006.SS) will buy back and cancel shares via centralized bidding to reduce registered capital.
Featured in Issue #29 · Aug 23, 2026
Shandong Jincheng Pharmaceutical Group Co., Ltd. 300233.SZ (CN) · ¥13.77 · MCAP $777M · EV $693M
Shandong Jincheng Pharmaceutical Group Co., Ltd. (300233.SZ) plans to cancel 4,543,000 repurchased shares to reduce its total share capital by 1.18%.
Featured in Issue #29 · Aug 23, 2026
Shanghai Phoenix Enterprise (Group) Co., Ltd. 600679.SS (CN) · ¥9.39 · MCAP $576M · EV $531M
Shanghai Phoenix Enterprise (Group) Co., Ltd. (600679.SS) is conducting a buyback and cancellation of its B-shares to enhance EPS and shareholder returns.
Featured in Issue #29 · Aug 23, 2026
Leyard Optoelectronic Co., Ltd. 300296.SZ (CN) · ¥5.09 · MCAP $2.1B · EV $1.8B
Leyard Optoelectronic Co., Ltd. (300296.SZ) plans to cancel 3,110,000 unsold repurchased shares to reduce registered capital.
Featured in Issue #29 · Aug 23, 2026
Zhejiang Weihua New Material Co., Ltd. 603310.SS (CN) · ¥14.70 · MCAP $755M · EV $571M
Zhejiang Weihua New Materials Co., Ltd. (603310.SS) secured a loan commitment to fund a board-approved share repurchase plan for employee stock ownership or equity incentives.
Featured in Issue #29 · Aug 23, 2026
Limin Group Co., Ltd. 002734.SZ (CN) · ¥14.58 · MCAP $1.0B · EV $1.1B
Approved cancellation of 4,216,110 repurchased shares held in the company's dedicated repurchase account.
Featured in Issue #29 · Aug 23, 2026
Guanghui Logistics Co., Ltd. 600603.SS (CN) · ¥4.61 · MCAP $1.1B · EV $2.1B
Guanghui Logistics Co., Ltd. (600603.SS) completed a share buyback program to reduce its share capital.
Featured in Issue #29 · Aug 23, 2026
Zhejiang Jiuzhou Pharmaceutical Co., Ltd. 603456.SS (CN) · CNY 17.52 · MCAP $2.3B · EV $1.8B
Buyback price capped at RMB 20.00/share; total repurchase amount RMB 200M (~$30M)–400M using own funds.
Featured in Issue #28 · Aug 16, 2026
Guangdong Fenghua Advanced Technology Co., Ltd. 000636.SZ (CN) · ¥62.73 · MCAP $10.7B · EV $10.1B
Board approved cancellation of 9,522,792 repurchased shares.
Featured in Issue #28 · Aug 16, 2026
Lvheng Technology Group Co., Ltd. 920866.BJ (CN) · MCAP $156M
Board approved changing the use of 3,157,809 repurchased shares from equity incentive/ESOP to registered capital reduction.
Featured in Issue #28 · Aug 16, 2026
United Kingdom 7 situations
Springfield Properties plc SPR.L (UK) · £1.07 · MCAP $174M · EV $235M
Springfield Properties posted a circular seeking Independent Shareholder approval for a buyback of up to 5,957,372 Ordinary Shares, with flexibility to extend to the full 11,904,240 share authority granted at the 2025…
Featured in Issue #29 · Aug 23, 2026
abrdn European Logistics Income plc ASLI.L (UK) · GBp 19.26 · MCAP $108M · EV $150M
Board resolved to return approximately €31.7 million (~$37M) (c.£27.2 million) to shareholders under the B Share scheme.
Featured in Issue #29 · Aug 23, 2026
B HODL Plc HODL.AQ (UK)
B HODL Plc commenced the second tranche of its share buyback program on 21 August 2026 to increase Bitcoin exposure per share.
Featured in Issue #29 · Aug 23, 2026
Aberdeen New India Investment Trust PLC ANII.L (UK) · £7.26 · MCAP $428M
Aberdeen New India Investment Trust PLC (ANII.L) is currently out of the money for a conditional self-tender based on performance relative to the MSCI India Index.
Featured in Issue #29 · Aug 23, 2026
CVC Income & Growth Limited CVCE.L (UK) · €1.07 · MCAP $264M
CVC Income & Growth Limited announced results of its September 2026 semi-annual tender process.
Featured in Issue #28 · Aug 16, 2026
Residential Secure Income plc RESI.L (UK) · GBp 27.00 · MCAP $68M · EV $304M
Board resolved to return approximately £35.2 million (~$48M) via issue and redemption of B Shares, equivalent to 19 pence per Ordinary Share.
Featured in Issue #28 · Aug 16, 2026
Hargreave Hale AIM VCT PLC HHV.L (UK) · GBp 31.00 · MCAP $155M
Special dividend of 0.75 pence per Ordinary Share declared.
Featured in Issue #28 · Aug 16, 2026
Taiwan 7 situations
GeoVision Inc. 3356.TW (TW) · MCAP $159M
GeoVision Inc. (3356) is executing a cash capital reduction through the cancellation of 11,991,250 common shares totaling NT$119,912,500.
Featured in Issue #29 · Aug 23, 2026
Polaris Pharmaceutical-KY 6550.TW (TW) · MCAP $331M
Polaris Pharmaceutical-KY (6550.TW) is executing a capital reduction to offset accumulated losses, which will increase per-share net value from NTD 5.58 to NTD 10.33.
Featured in Issue #29 · Aug 23, 2026
Tah Tong Textile Co., Ltd. 1441.TW (TW) · MCAP $20.1M
Net asset value per share rises from NT$5.07 to NT$5.89 based on June 30, 2026 financials.
Featured in Issue #29 · Aug 23, 2026
Cameo Communications, Inc. 6142.TW (TW) · TWD 8.99 · MCAP $80M · EV $73M
Cameo Communications, Inc. (6142.TW) is reducing its capital by 8.03331007% to improve its financial structure.
Featured in Issue #29 · Aug 23, 2026
CMC Magnetics Corporation 2323.TW (TW) · TWD 10.85 · MCAP $371M · EV $225M
Paid-in capital reduced from NT$10,893,483,280 to NT$9,804,134,950.
Featured in Issue #29 · Aug 23, 2026
CMC Magnetics Corporation 2323.TW (TW) · TWD 11.30 · MCAP $384M · EV $229M
CMC Magnetics Corporation (2323) is implementing a cash capital reduction for shareholder refunds.
Featured in Issue #28 · Aug 16, 2026
GeoVision Inc. 3356.TW (TW) · TWD 65.50 · MCAP $164M · EV $90M
Cash capital reduction of NT$1.5 per share, canceling 11,991,250 shares (15% reduction ratio).
Featured in Issue #28 · Aug 16, 2026
Australia 6 situations
Guzman y Gomez GYG.AX (AU) · A$23.97 · MCAP $1.7B · EV $1.9B
Guzman y Gomez (GYG.AX) declared a special dividend of 14.4 cents per share as part of a total full-year dividend of 48 cents.
Featured in Issue #29 · Aug 23, 2026
La Trobe Private Credit Fund LF1.AX (AU) · A$1.91 · MCAP $186M
LF1 is proceeding with a September 2026 quarter off-market buy-back of up to 1.76% of units.
Featured in Issue #29 · Aug 23, 2026
Regis Resources Limited RRL.AX (AU) · A$8.50 · MCAP $4.6B · EV $3.8B
Regis Resources Limited (RRL.AX) will return capital to shareholders via a total distribution of AUD 0.20 per share, including a special dividend funded by a break fee paid by VAU.
Featured in Issue #29 · Aug 23, 2026
Maas Group Holdings MGH.AX (AU) · A$5.82 · MCAP $1.5B · EV $2.3B
Maas Group Holdings (MGH.AX) is seeking shareholder approval at its upcoming AGM to increase its share buyback capacity to 20% of issued capital.
Featured in Issue #29 · Aug 23, 2026
Solvar Limited SVR (AU) · A$1.74 · MCAP $233M
Solvar Limited (SVR.AX) is returning capital through a series of special dividends tied to the rundown of its New Zealand loan book.
Featured in Issue #29 · Aug 23, 2026
Challenger Limited CGF.AX (AU) · A$9.69 · MCAP $4.7B
Challenger Limited (CGF.AX) is returning excess capital to shareholders via a $300 million on-market share buy-back and a special dividend.
Featured in Issue #29 · Aug 23, 2026
Canada 6 situations
MiniLuxe Holding Corp. MNLX.V (CA) · C$0.42 · MCAP $54M · EV $66M
MiniLuxe Holding Corp. is conducting a Dutch auction self-tender for its Class A Subordinate Voting Shares.
Featured in Issue #29 · Aug 23, 2026
Decibel Cannabis Company Inc. DB.V (CA) · C$0.12 · MCAP $52M · EV $87M
Decibel announced a 15:1 share consolidation.
Featured in Issue #29 · Aug 23, 2026
Computer Modelling Group Ltd. CMG (CA) · C$4.05 · MCAP $230M
Computer Modelling Group Ltd. (CMG) is offering to purchase up to C$20,000,000 (~$15M) in value of its common shares.
Featured in Issue #29 · Aug 23, 2026
Quinsam Capital Corporation QCA.CN (CA) · C$0.07 · MCAP $4M
Quinsam Capital Corporation (QCA.CN) has repurchased 983,000 shares under an issuer bid to purchase up to 4,500,000 common shares.
Featured in Issue #29 · Aug 23, 2026
Air Canada AC.TO (CA) · C$28.81 · MCAP $5.9B · EV $10.0B
Air Canada (AC.TO) is launching a self-tender to purchase and cancel up to $800 million of its Class A variable voting and Class B voting shares.
Featured in Issue #29 · Aug 23, 2026
Lupaka Gold Corp. LPK.V (CA) · C$0.33 · MCAP $6M · EV $6M
Lupaka Gold Corp. (LPK.V) declared a first CVR payment of USD 0.109 per CVR to holders of 160,277,702 contingent value rights.
Featured in Issue #29 · Aug 23, 2026
South Korea 3 situations
KCC Corporation 002380.KS (KR) · ₩484,000.00 · MCAP $2.5B · EV $5.4B
KCC holds approximately 17 million shares of Samsung C&T, a stake of about 10.49%.
Featured in Issue #29 · Aug 23, 2026
Samsung Electronics 005930.KS (KR) · ₩281,500 · MCAP $1.29T
Samsung Electronics (005930.KS) plans to return between 90 trillion won ($65.2 billion) and 110 trillion won to shareholders this year, representing a record capital return.
Featured in Issue #29 · Aug 23, 2026
Samchuly Bicycle Co., Ltd. 024950.KQ (KR) · KRW 4,290 · MCAP $31M · EV $35M
Samchuly Bicycle Co., Ltd (024950.KQ) launched a self-tender offer to acquire and cancel 2,408,000 common shares for KRW 12,040,000,000 (~$8.5M) in cash.
Featured in Issue #28 · Aug 16, 2026
India 3 situations
TVS Holdings Limited 520056.BO (IN) · ₹13,924.35 · MCAP $2.9B · EV $7.0B
TVS Holdings Limited (520056.BO) is implementing a capital return to shareholders via a bonus issue of preference shares following NCLT Chennai Bench sanction on 18 August 2026.
Featured in Issue #29 · Aug 23, 2026
UltraTech Cement ULTRACEMCO.NS (IN) · ₹11,619.00 · MCAP $35.8B · EV $38.2B
UltraTech Cement (ULTRACEMCO.NS) recommended a record special dividend of Rs 240 per share to return Rs 7,072.3 crore (~$741M) to shareholders.
Featured in Issue #29 · Aug 23, 2026
Mukand Limited MUKANDLTD.NS (IN) · MCAP $2M
Mukand Limited (MUKANDLTD.NS) approved a special dividend of INR 1 per equity share to commemorate 100 years of the Bajaj Group.
Featured in Issue #28 · Aug 16, 2026
Sweden 2 situations
Catena Media plc CTM.ST (SE) · SEK 2.86 · MCAP $23M · EV $8M
Catena Media plc (CTM.ST) launched a voluntary tender offer to repurchase its hybrid capital securities at a deep discount to nominal value.
Featured in Issue #29 · Aug 23, 2026
Boozt AB BOOZT.ST (SE) · SEK 149.70
Boozt AB (BOOZT.ST) expanded its share buyback framework to 300 million kronor from 200 million kronor to continue capital returns.
Featured in Issue #28 · Aug 16, 2026
Singapore 2 situations
Olam Group VC2.SI (SG) · SGD 1.20 · MCAP $3.5B · EV $10.2B
Olam Group Limited (VC2.SI) declared a special dividend of 6 Singapore cents per share to return proceeds from the sale of a 44.58% stake in Olam Agri and the disposal of Mindsprint.
Featured in Issue #28 · Aug 16, 2026
APAC Realty Limited CLN.SI (SG) · SGD 0.63 · MCAP $211M · EV $198M
APAC Realty Limited (CLN.SI) increased its capital return to shareholders by declaring a 3.60 cent special dividend alongside a 1.90 cent interim dividend for 1H2026.
Featured in Issue #28 · Aug 16, 2026
Norway 1 situation
SpareBank 1 Østlandet SPOL.OL (NO) · NOK 194.64 · MCAP $2.8B
SpareBank 1 Østlandet (SPOL.OL) is purchasing its own equity capital certificates as part of an employee savings programme.
Featured in Issue #29 · Aug 23, 2026
Brazil 1 situation
Marcopolo S.A. POMO3.SA (BR) · R$4.11 · MCAP $1.0B · EV $1.4B
Marcopolo S.A. (POMO3) approved a dividend payment of R$ 0.13 per share and a share repurchase program for up to 49 million preferred shares.
Featured in Issue #29 · Aug 23, 2026
Hong Kong 1 situation
Pop Mart International Group Limited 9992.HK (HK) · HK$149.00 · MCAP $24.9B · EV $23.5B
Pop Mart International Group Limited (9992.HK) announced a share buyback plan of up to 5 billion yuan over the next six months.
Featured in Issue #29 · Aug 23, 2026
Netherlands 1 situation
Banijay Group N.V. BNJ.AS (NL) · €8.86 · MCAP $4.4B · EV $11.7B
Banijay Group N.V. (BNJ.AS) distributed an exceptional dividend of €0.9340207159163 per ordinary share on 19 August 2026.
Featured in Issue #29 · Aug 23, 2026
Philippines 1 situation
Manila Water Company, Inc. MWC.PS (PH) · PHP 35.95 · MCAP $1.7B · EV $4.4B
Manila Water Company, Inc. (MWC) authorized a share buy-back program to purchase up to 3 million common shares.
Featured in Issue #29 · Aug 23, 2026
Other markets 1 situation
Orca Energy Group Inc declared a special cash dividend of $0.50 per share.
Featured in Issue #29 · Aug 23, 2026
Colombia 1 situation
Grupo Cibest S.A. CIB (CO) · $101.43 · MCAP $26.6B
Shareholders approved a 2026 share buyback program of up to COP 1,350,000,000,000 for a three-year term.
Featured in Issue #29 · Aug 23, 2026
Italy 1 situation
Banco BPM BAMI.MI (IT) · €16.68 · MCAP $29.4B
Banco BPM (BAMI.MI) will not seek authorization under CRR Article 26(2) to include H1 2026 profits in its CET1 capital following discussions with the ECB.
Featured in Issue #29 · Aug 23, 2026
Germany 1 situation
NORMA Group SE NOEJ.DE (DE) · €20.10 · MCAP $673M
NORMA Group SE (NOEJ.DE) launched a voluntary public share buyback offer at EUR 22.35 (~$26) per share.
Featured in Issue #29 · Aug 23, 2026
Malaysia 1 situation
LPI Capital Bhd LPI.KL (MY) · MCAP $360M
LPI Capital Bhd (LPI.KL) is returning RM258.96 million to shareholders via a 65 sen special dividend funded by the sale of a 1.13% stake in Public Bank Bhd. The company also declared a 25 sen interim dividend for the…
Featured in Issue #28 · Aug 16, 2026
Browse by category (all categories)
Activist CampaignsAcquisitionsStrategic ReviewsDivestituresTender OffersGoing-PrivateSpin-OffsCapital ReturnsRights OfferingsSPACs
Browse by market (all markets)
Get the full Special Situations Digest weekly
500 to 700 situations across 25+ markets every Sunday. Excel/PDF/JSON exports and the Situations Database. 14-day free trial.
Start 14-day free trial →