OTHERS SALUTICA BERHAD ("SALUTICA" or "THE COMPANY") PROPOSED SHARE BUY-BACK OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED SHARE BUY-BACK")

SALUTICA BERHAD

Type Announcement
Subject OTHERS
Description
SALUTICA BERHAD ("SALUTICA" or "THE COMPANY")
PROPOSED SHARE BUY-BACK OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED SHARE BUY-BACK")

The Board of Directors (“Board”) of SALUTICA wishes to announce that SALUTICA intends to seek the approval of its shareholders for the authority for the Company to purchase its own shares of up to 10% of SALUTICA’s prevailing issued shares at any time (“Proposed Share Buy-Back”) at the Company’s extraordinary general meeting to be convened.

The Proposed Share Buy-Back would provide SALUTICA with an option to purchase its own shares at a future date when the Board of the Company deems appropriate after taking into account the availability of funds, business considerations, relevant costs factors, and market conditions and sentiment.

A share buy-back statement to the shareholders of SALUTICA containing the details of the Proposed Share Buy-Back will be despatched to the shareholders of SALUTICA in due course.

This announcement is dated 18 June 2018.






Announcement Info

Company Name SALUTICA BERHAD
Stock Name SALUTE
Date Announced 18 Jun 2018
Category General Announcement for PLC
Reference Number GA1-07062018-00053