[GENM] Share Buyback (Immediate) on 01-Sep-2010

Announcement Date
01-Sep-2010
Date
01-Sep-2010
Share
Ordinary Shares of RM0.10 each
Number of Shares
2,400,000
Shares Retained in Treasury
2,400,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
3.000 - 3.060
Total Amount
7,286,590.80
Total Treasury Shares
242,651,100
Remark
Genting Malaysia Berhad (“Company”) today acquired 2,400,000 shares at a total consideration of RM7,286,590.80 and at an average price of RM3.04 each, inclusive of transaction costs. This share buy-back is part of the Company’s continuing efforts under its capital management programme, which the Company constantly monitors together with its strategies of business expansion (through organic growth or acquisitions) and capital distribution. The Company shall continue to pursue share buy-back efforts when opportunities present themselves, pursuant to the mandate approved by the Company’s shareholders on 9 June 2010.

Based on the Company’s issued and paid-up share capital of 5,907,310,648 ordinary shares as at 1 September 2010, and after taking into account the cumulative net outstanding treasury shares to-date of 242,651,100 (representing approximately 4.11% of the issued and paid-up share capital), the Company intends to purchase up to a further 348,079,965 of its shares (representing approximately 5.89% of the issued and paid-up share capital) within the next 9 months.
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