[GENM] Share Buyback (Immediate) on 27-Jun-2018
Announcement Date
27-Jun-2018
Date
27-Jun-2018
Share
Ordinary shares
Number of Shares
500,000
Shares Retained in Treasury
500,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
4.810 - 4.880
Total Amount
2,430,570.47
Total Treasury Shares
281,427,385
Remark
Genting Malaysia Berhad ("Company") today acquired 500,000 shares for a total consideration of RM2,430,570.47 at an average price of RM4.8611 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 281,427,385 represent approximately 4.73939% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 27 June 2018.
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