[GENM] Share Buyback (Immediate) on 28-Feb-2020

Stock
[GENM]: GENTING MALAYSIA BERHAD
Announcement Date
28-Feb-2020
Date
28-Feb-2020
Share
Ordinary shares
Number of Shares
2,000,000
Shares Retained in Treasury
2,000,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
2.890 - 2.910
Total Amount
5,808,380.27
Total Treasury Shares
286,395,708
Remark
Genting Malaysia Berhad ("Company") today acquired 2,000,000 shares for a total consideration of RM5,808,380.27 at an average price of RM2.9042 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 286,395,708 represent approximately 4.82306% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 28 February 2020.
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