[GENM] Share Buyback (Immediate) on 15-Mar-2018

Stock
[GENM]: GENTING MALAYSIA BERHAD
Announcement Date
15-Mar-2018
Date
15-Mar-2018
Share
Ordinary shares
Number of Shares
2,400,000
Shares Retained in Treasury
2,400,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
5.220 - 5.400
Total Amount
12,854,069.95
Total Treasury Shares
286,207,400
Remark
Genting Malaysia Berhad ("Company") today acquired 2,400,000 shares for a total consideration of RM12,854,069.95 at an average price of RM5.3559 each, inclusive of transaction costs. The share buy-back was made pursuant to the approval obtained from the Company's shareholders at the Company's Annual General Meeting held on 31 May 2017 and amendments to Bursa Malaysia Securities Berhad Main Market Listing Requirements arising from the implementation of the Companies Act 2016. The resulting cumulative net outstanding treasury shares of 286,207,400 represent approximately 4.81989% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 15 March 2018.
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