[GENM] Share Buyback (Immediate) on 08-Feb-2018
Announcement Date
08-Feb-2018
Date
08-Feb-2018
Share
Ordinary shares
Number of Shares
325,000
Shares Retained in Treasury
325,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
5.430 - 5.450
Total Amount
1,770,424.18
Total Treasury Shares
276,932,400
Remark
Genting Malaysia Berhad ("Company") today acquired 325,000 shares for a total consideration of RM1,770,424.18 at an average price of RM5.4475 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 276,932,400 represent approximately 4.6637% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 8 February 2018.
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