Singapore share buybacks Tuesday: Singapore Exchange, SPH, Global Palm, Keppel REIT

SGX ticker at Shenton Way building in Singapore; taken October 2018.SGX ticker at Shenton Way building in Singapore.

These are Singapore companies which announced share buybacks on Tuesday 30 October 2018:

Singapore Exchange

Singapore Exchange said on Tuesday that it bought back 65,000 shares in the market at S$6.74 to S$6.75 each for a total consideration, including other costs, of S$438,769. The shares purchases were to fulfill obligations under SGX’s share-based remuneration plans, it said.

Since the September 2018 start of its buyback mandate, Singapore Exchange has bought back 462,100 shares, or 0.04 percent of its issued shares excluding treasury shares at the time the mandate began, it said in a filing to SGX after the market close on Tuesday.

Singapore Press Holdings

Singapore Press Holdings said on Tuesday that it bought back 500,000 shares in the market at S$2.59 each for a total consideration, including other costs, of S$1.30 million.

Since the December 2017 start of its buyback mandate, SPH has bought back 2,671,300 shares, or 0.17 percent of its issued shares excluding treasury shares at the time the mandate began, it said in a filing to SGX after the market close on Tuesday.

Keppel REIT

Keppel REIT’s manager said it bought back 2,107,600 units in the market at S$1.13 each for a total consideration, including other costs, of S$2.38 million. It said the repurchased units would be cancelled.

Since the April 2018 start of the buyback mandate, Keppel REIT has bought back 10,140,400 units, or 0.2992 percent of the issued shares excluding treasury shares at the time its mandate began, it said in a filing to SGX after the market close on Tuesday.

Global Palm Resources

Global Palm Resources said on Tuesday that it bought back 10,000 shares in the market at S$0.172 to S$0.20 each for a total consideration, including other costs, of S$2,041. All shares purchased were intended to be held as treasury shares, it said.

Global Palm Resources’ buyback mandate began in April 2018 and this appears to be the first purchase under the mandate, marking 0.0051 percent of the issued shares excluding treasury shares at the time the mandate began, it said.

Straits Trading

The Straits Trading Co. said on Tuesday that it bought back 15,000 shares in the market at S$2.03 to S$2.06 each for a total consideration, including other costs, of S$30,871.

Since the August 2018 start of its buyback mandate, Straits Trading has bought back 106,000 shares, or 0.026 percent of its issued shares excluding treasury shares at the time the mandate began, it said in a filing to SGX after the market close on Tuesday.

Get the Shenton Wire morning briefing in your inbox