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OTHERS GENTING BERHAD ("GENT" OR "COMPANY") - PROPOSED RENEWAL OF THE AUTHORITY FOR GENT TO PURCHASE ITS OWN SHARES
GENTING BERHAD
Type Announcement
Subject OTHERS
Description GENTING BERHAD ("GENT" OR "COMPANY")
- PROPOSED RENEWAL OF THE AUTHORITY FOR GENT TO PURCHASE ITS OWN SHARES
At the Fifty-Sixth Annual General Meeting ("AGM") of GENT held on 13 June 2024, the shareholders of GENT had approved the renewal of the authority for GENT to purchase its own shares of an amount, which, when aggregated with the treasury shares, does not exceed 4% of its prevailing total number of issued shares at any time ("Renewed Share Buy-Back Authority"). The Renewed Share Buy-Back Authority will expire at the conclusion of GENT's forthcoming AGM.
The Board of Directors of GENT wishes to announce that GENT intends to seek the approval of its shareholders for the proposed renewal of authority for GENT to purchase its own shares of an amount which, when aggregated with the treasury shares, does not exceed 4% of GENT's prevailing total number of issued shares at any time ("Proposed Share Buy-Back Renewal") at the forthcoming AGM to be convened.
A statement containing the details of the Proposed Share Buy-Back Renewal will be made available via electronic means to the shareholders of GENT in due course.