Share buyback refers to a share issuer repurchasing some of its outstanding shares from shareholders through open market transactions. Once the shares are bought back, they will be converted into treasury shares, which means they are no longer categorised as shares outstanding. Motivations for share buybacks include companies trying to align stock valuations with balance sheet objectives or employee compensation changes.
Share buyback information can be found on the company disclosure page on the SGX website using the Announcement category and sub category of Share Buy Back-On Market .
For the first week of the month (1-5 June), there were a total of 13,958,700 shares repurchased by 17 stocks, with a total consideration of S$ 39.8 million. This was up from the first week of June last year, which saw a total of 6,092,000 shares purchased by 9 stocks, with a total consideration of S$12.6 million.
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