[GENM] Share Buyback (Immediate) on 18-Mar-2020

Stock
[GENM]: GENTING MALAYSIA BERHAD
Announcement Date
18-Mar-2020
Date
18-Mar-2020
Share
Ordinary shares
Number of Shares
4,000,000
Shares Retained in Treasury
4,000,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
2.040 - 2.130
Total Amount
8,341,466.55
Total Treasury Shares
296,395,708
Remark
Genting Malaysia Berhad ("Company") today acquired 4,000,000 shares for a total consideration of RM8,341,466.55 at an average price of RM2.0854 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 296,395,708 represent approximately 4.99147% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 18 March 2020.
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