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  • Repurchase Limit

    • TMA-4.1.8

      A company listed on a licensed exchange may repurchase its own shares, after obtaining shareholder approval up to a maximum of 10% of its issued and paid-up share capital. The CBB's prior approval must be sought before the company can repurchase its own shares.

      Amended: October 2019

    • TMA-4.1.9

      The shares repurchase can be used by the company for the purpose of:

      (a) Employee Stock Option Plan;
      (b) Capital reorganisation schemes;
      (c) Reselling such shares in order to support its share price and liquidity on a licensed exchange; or
      (d) For any other purpose with CBB approval.
      Amended: October 2019
      Amended: April 2013

    • TMA-4.1.10

      If the shares repurchased are not utilized for the purpose outlined in Paragraph TMA-4.1.9 for a period of 12 months without the consent of the CBB, such shares shall be considered redeemed and must be resold within the specified period.

      Amended: October 2019