Immediate Announcement on Shares Buy Back

18/03/2019

Immediate Announcement on Shares Buy Back

GENTING MALAYSIA BERHAD

Date of buy back 18 Mar 2019
Description of shares purchased Ordinary shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 1,500,000
Minimum price paid for each share purchased ($$) 3.400
Maximum price paid for each share purchased ($$) 3.450
Total consideration paid ($$) 5,140,954.82
Number of shares purchased retained in treasury (units) 1,500,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 296,127,385
Adjusted issued capital after cancellation
(no. of shares) (units)
5,938,044,648
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 4.98695



Remarks :
Genting Malaysia Berhad ("Company") today acquired 1,500,000 shares for a total consideration of RM5,140,954.82 at an average price of RM3.4273 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 296,127,385 represent approximately 4.98695% of the Company's issued and paid-up share capital of 5,938,044,648 ordinary shares as at 18 March 2019.


Announcement Info

Company Name GENTING MALAYSIA BERHAD
Stock Name GENM
Date Announced 18 Mar 2019
Category Immediate Announcement on Shares Buy Back
Reference Number SB1-18032019-00017