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After Keppel Corp and then YZJFH, we have the next company announcing a share buyback mandate.
Interesting thing is that share buyback mandate is generally always tabled as 1 of the resolutions for voting and is nothing different from regular. In actual practice, alot of companies do regular repurchases (THG, Boustead etc), without using the purchased shares as ESOP, without much publicity.
But seems like it does do wonders to make a public announcement detailing the quantum of share buyback (a "XX/XXX million program" sounds much better than "up to 10% of shares to be purchased")
Share Buyback Programme
The Board of Directors of HRnetGroup Limited (the Company and together with its subsidiaries, the Group) is pleased to announce the establishment of a S$30 million Share Buyback Programme (the Programme) pursuant to the share purchase mandate (the Mandate) granted by the Company’s shareholders (the Shareholders) at the Annual General Meeting of the Company held on 28 April 2022
https://links.sgx.com/FileOpen/HRnetGrou...eID=720538
Interesting thing is that share buyback mandate is generally always tabled as 1 of the resolutions for voting and is nothing different from regular. In actual practice, alot of companies do regular repurchases (THG, Boustead etc), without using the purchased shares as ESOP, without much publicity.
But seems like it does do wonders to make a public announcement detailing the quantum of share buyback (a "XX/XXX million program" sounds much better than "up to 10% of shares to be purchased")
Share Buyback Programme
The Board of Directors of HRnetGroup Limited (the Company and together with its subsidiaries, the Group) is pleased to announce the establishment of a S$30 million Share Buyback Programme (the Programme) pursuant to the share purchase mandate (the Mandate) granted by the Company’s shareholders (the Shareholders) at the Annual General Meeting of the Company held on 28 April 2022
https://links.sgx.com/FileOpen/HRnetGrou...eID=720538