OREANDA-NEWS. February 17, 2015. Share buybacks are a simple strategy that sees a share issuer repurchases some of its outstanding shares from shareholders through open market transactions. Once shares are bought back they will be converted into treasury shares which means that are no longer categorised as shares outstanding. Motivations for share buy-backs include companies seeing stock valuations aligned with balance sheet objectives or employee compensation changes.

Share buy-back 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 (click here).

For the second week of the month from 9 to 13 February, there were a total of 4,500,200 shares repurchased by seven stocks with a total consideration of S\\$7.9 million. This is an increase from the second week of February last year, which saw a total of 1,016,000 shares purchased by five stocks with a total consideration of S\\$1.1 million. The five stocks with the largest consideration amount in buybacks were Singapore Press Holdings, DBS Group Holdings, Singapore Technologies Engineering, Goodland Group, and Technics Oil & Gas.

The table below details the specifics of the buybacks of these seven stocks. The table is sorted by the total consideration amount from 9 to 13 February which collates the amount of shares purchased and the purchasing price of the shares. The date of the relevant share buyback mandate is also provided in addition to the amount of shares authorized to be bought back under the mandate. The total number of shares purchased under the mandate and the percentage of the companies issued shares that have been repurchased under the mandate are also provided.

Name Start Date Mandate Total no of shares purchased: 9-13 Feb Total Consideration: 9-13 Feb S\\$ Cum no of shares purchased to date Percent*
SINGAPORE PRESS HOLDINGS 02/12/2014 159,988,429 1,000,000 4,100,068.66 2,250,000 0.14
DBS GROUP HOLDINGS 28/04/2014 24,455,964 100,000 1,927,209.92 100,000 0.00
SINGAPORE TECHNOLOGIES ENGINEERING 24/04/2014 62,340,211 200,000 684,878.25 13,480,300 0.43
GOODLAND GROUP 29/01/2015 33,645,984 1,850,000 510,427.96 1,850,000 0.55
TECHNICS OIL & GAS 30/01/2015 23,493,297 500,000 352,590.71 557,000 0.24
COURTS ASIA 30/07/2014 55,573,910 383,200 168,579.13 14,806,200 2.66
RAFFLES EDUCATION CORPORATION 27/10/2014 101,620,523 467,000 153,372.71 8,810,000 0.87

Source: SGX *percentage of company’s issued shares excluding treasury shares as at the date of the share buy-back resolution

Singapore Press Holdings

On 2 December 2014, a share buy-back resolution was passed for Singapore Press Holdings. Between 9 and 13 February, Singapore Press Holdings repurchased a total number of 1,000,000 shares with a total consideration of S\\$4,100,068.66.

The maximum number of shares authorized for the buy-back transaction was 159,988,429. As of end of last week, by way of acquisition, Singapore Press Holdings had purchased a cumulative amount of 2,250,000 shares under the 2 December resolution. This represented 0.14% of the company’s issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 12 February 2015, the number of issued shares excluding treasury shares stood at 1,599,478,551 and the number of treasury shares held after purchase stood at 1,170,570.

DBS Group Holdings

On 28 April 2014, a share buy-back resolution was passed for DBS Group Holdings. Between 9 and 13 February, DBS Group Holdings repurchased a total number of 100,000 shares with a total consideration of S\\$1,927,209.92.

The maximum number of shares authorized for the buy-back transaction was 24,455,964. As of end of last week, by way of acquisition, DBS Group Holdings had purchased a cumulative amount of 100,000 shares under the 28 April resolution.

As of 13 February 2015, the number of issued shares excluding treasury shares stood at 2,479,283.782 and the number of treasury shares held after purchase stood at 100,000.

Singapore Technologies Engineering

On 24 April 2014, a share buy-back resolution was passed for Singapore Technologies Engineering. Between 9 and 13 February, Singapore Technologies Engineering repurchased a total number of 200,000 shares with a total consideration of S\\$684,878.25.

The maximum number of shares authorized for the buy-back transaction was 62,340,211. As of end of last week, by way of acquisition, Singapore Technologies Engineering had purchased a cumulative amount of 13,480,300 shares under the 24 April resolution. This represented 0.43% of the company’s issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 10 February 2015, the number of issued shares excluding treasury shares stood at 3,108,484,191 and the number of treasury shares held after purchase stood at 13,480,300.

Goodland Group

On 29 January 2015, a share buy-back resolution was passed for Goodland Group. Between 9 and 13 February, Goodland Group repurchased a total number of 1,850,000 shares with a total consideration of S\\$510,427.96.

The maximum number of shares authorized for the buy-back transaction was 33,645,984. As of end of last week, by way of acquisition, Goodland Group had purchased a cumulative amount of 1,850,000 shares under the 29 January resolution. This represented 0.55% of the company’s issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 13 February 2015, the number of issued shares excluding treasury shares stood at 334,609,842 and the number of treasury shares held after purchase stood at 4,588,000.

Technics Oil & Gas

On 30 January 2015, a share buy-back resolution was passed for Technics Oil & Gas. Between 9 and 13 February, Technics Oil & Gas repurchased a total number of 500,000 shares with a total consideration of S\\$352,590.71.

The maximum number of shares authorized for the buy-back transaction was 23,493,297. As of end of last week, by way of acquisition, Technics Oil & Gas had purchased a cumulative amount of 557,000 shares under the 30 January resolution. This represented 0.24% of the company’s issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 12 February 2015, the number of issued shares excluding treasury shares stood at 234,432,975 and the number of treasury shares held after purchase stood at 557,000.