[GENM] Share Buyback (Immediate) on 05-Mar-2019
Announcement Date
05-Mar-2019
Date
05-Mar-2019
Share
Ordinary shares
Number of Shares
1,700,000
Shares Retained in Treasury
1,700,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
3.410 - 3.430
Total Amount
5,825,064.45
Total Treasury Shares
286,077,385
Remark
Genting Malaysia Berhad ("Company") today acquired 1,700,000 shares for a total consideration of RM5,825,064.45 at an average price of RM3.4265 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 5 June 2018 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 286,077,385 represent approximately 4.81770% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 5 March 2019.
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