[GENM] Share Buyback (Immediate) on 27-May-2011

Announcement Date
27-May-2011
Date
27-May-2011
Share
Ordinary Shares of RM0.10 each
Number of Shares
800,000
Shares Retained in Treasury
800,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
3.580 - 3.620
Total Amount
2,889,543.48
Total Treasury Shares
255,322,400
Remark
Genting Malaysia Berhad (“Company”) today acquired 800,000 shares at a total consideration of RM2,889,543.48 and at an average price of RM3.61 each, inclusive of transaction costs. This share buy-back is part of the Company’s continuing efforts under its capital management programme, which the Company constantly monitors together with its strategies of business expansion (through organic growth or acquisitions) and capital distribution. The Company shall continue to pursue share buy-back efforts when opportunities present themselves, pursuant to the mandate approved by the Company’s shareholders on 9 June 2010.

Based on the Company’s issued and paid-up share capital of 5,918,603,648 ordinary shares as at 27 May 2011, the cumulative net outstanding treasury shares to-date is 255,322,400, representing approximately 4.31% of the issued and paid-up share capital. The Company is mandated, as described above, to purchase up to 336,537,965 of its shares (representing approximately 5.69% of the issued and paid-up share capital) until the next Annual General Meeting.
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