[GENM] Share Buyback (Immediate) on 14-Mar-2019

Announcement Date 14-Mar-2019

Date 14-Mar-2019
Shares Ordinary shares
Number of Shares 1,600,000
Shares Retained in Treasury 1,600,000
Currency Malaysian Ringgit (MYR)
Price (per shares) 3.370 - 3.410
Total Amount 5,434,283.35
Total Treasury Shares 293,627,385

Remark Genting Malaysia Berhad ("Company") today acquired 1,600,000 shares for a total consideration of RM5,434,283.35 at an average price of RM3.3964 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 293,627,385 represent approximately 4.94485% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 14 March 2019.

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