[GENM] Share Buyback (Immediate) on 11-Mar-2020
Announcement Date
11-Mar-2020
Date
11-Mar-2020
Share
Ordinary shares
Number of Shares
3,000,000
Shares Retained in Treasury
3,000,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
2.680 - 2.720
Total Amount
8,117,977.20
Total Treasury Shares
289,395,708
Remark
Genting Malaysia Berhad ("Company") today acquired 3,000,000 shares for a total consideration of RM8,117,977.20 at an average price of RM2.7060 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 19 June 2019 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 289,395,708 represent approximately 4.87359% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 11 March 2020.
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