Seatrium launches $200m share buyback programme

The company may repurchase up to 2% of its total issued shares.

Seatrium Limited has established a $200m share buyback programme after fully utilising its previous $100m initiative on 1 September.

The programme will be carried out under the company’s share purchase mandate, which is subject to shareholder approval at each annual general meeting, according to a bourse filing.

Seatrium may repurchase up to 2% of its total issued shares, subject to its prescribed parameters and guidelines.

The share purchases will be made progressively, taking into account prevailing share prices, market conditions, and its capital management priorities.

The programme will be funded by existing cash resources.

“Underpinned by strengthened fundamentals and margins, as well as a robust global pipeline of opportunities that we are pursuing, we have a clear pathway for further growth,” said Seatrium CEO Chris Ong.

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia