Immediate Announcement on Shares Buy Back
18/03/2020Immediate Announcement on Shares Buy Back
| GENTING MALAYSIA BERHAD |
| Date of buy back | 18 Mar 2020 |
| Description of shares purchased | Ordinary shares |
| Currency | Malaysian Ringgit (MYR) |
| Total number of shares purchased (units) | 4,000,000 |
| Minimum price paid for each share purchased ($$) | 2.040 |
| Maximum price paid for each share purchased ($$) | 2.130 |
| Total consideration paid ($$) | 8,341,466.55 |
| Number of shares purchased retained in treasury (units) | 4,000,000 |
| Number of shares purchased which are proposed to be cancelled (units) | 0 |
| Cumulative net outstanding treasury shares as at to-date (units) | 296,395,708 |
| 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 (%) | 4.99147 |
| Remarks : |
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. |
Announcement Info
| Company Name | GENTING MALAYSIA BERHAD |
| Stock Name | GENM |
| Date Announced | 18 Mar 2020 |
| Category | Immediate Announcement on Shares Buy Back |
| Reference Number | SB1-18032020-00001 |
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