- SBS Transit released its annual report alongside a shareholder circular outlining a proposed renewal of its share buyback mandate for approval at the next annual general meeting.
- The mandate would allow the company to repurchase shares through on-market purchases or off-market purchases under an equal access scheme.
- Share repurchases would be capped at 10% of issued shares, based on 312,583,591 shares in issue as of the latest practicable date.
- The maximum buyback price would be set at up to 105% of the 5-day average closing price for on-market purchases and up to 120% for off-market purchases.
- The document says the company did not buy back any shares in the 12 months preceding the latest practicable date.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SBS Transit Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: G9YQELHXQ3N6BWBP) on March 24, 2026, and is solely responsible for the information contained therein.
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