[GENM] Share Buyback (Immediate) on 14-Mar-2018

Announcement Date
14-Mar-2018
Date
14-Mar-2018
Share
Ordinary shares
Number of Shares
1,500,000
Shares Retained in Treasury
1,500,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
5.210 - 5.270
Total Amount
7,881,436.73
Total Treasury Shares
283,807,400
Remark
Genting Malaysia Berhad ("Company") today acquired 1,500,000 shares for a total consideration of RM7,881,436.73 at an average price of RM5.2543 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 283,807,400 represent approximately 4.77948% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 14 March 2018.
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