W T K Holdings Berhad (KLSE:WTK) commences share repurchases on December 8, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 14, 2023. As per the mandate, the company is authorized to repurchase its own shares, such that the company?s holding in treasury does not exceed 10% of its issued share capital at any point of time. The shares will be purchased at a price which is not more that 15% above the weighted average market price of the company?s shares for the five market days immediately prior to the date of the purchase.

The repurchased shares will not be cancelled and will be held as treasury shares for further distribution as share dividends to shareholders and/or will be resold. The repurchases will be funded through internally generated funds. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting.