Coinciding with tight labour markets, share buyback considerations have increased over the past year with company shares providing another means of remuneration.
For the second week of the month (8-12 June), there were a total of 40,240,500 shares repurchased by 15 stocks, with a total consideration of S$49.8 million.
This was up from the second week of June last year, which saw a total of 6,033,000 shares purchased, with a total consideration of S$12.4 million.
The five stocks with the largest consideration in buybacks last week were Noble Group, DBS Group Holdings, Oversea-Chinese Banking Corporation, Genting Singapore PLC, and Keppel Corporation.
Coinciding with tight labour markets, share buyback considerations have increased over the past year with company shares providing another means of remuneration. 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. Other 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 second week of the month (8-12 June), there were a total of 40,240,500 shares repurchased by 15 stocks, with a total consideration of S$49.8 million. This reflected an increase from the second week of June last year, which saw a total of 6,033,000 shares purchased, with a total consideration of S$12.4 million.
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