This will be OCBC Bank’s fourth S$500 million share buyback programme. Its third programme, announced on 31 May 2006 and which commenced on 5 June 2006, is close to completion, with approximately S$489 million utilised and 64 million shares purchased as at 22 June 2012.
New share repurchases under the fourth programme will commence when the third programme is completed. Similar to its previous buyback programmes, OCBC Bank intends to execute the buybacks in a controlled and orderly manner over a reasonable period of time to minimise undue movement in OCBC’s share price.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
OCBC Bank intends to hold the shares re-purchased as treasury shares to meet delivery obligations under its employee share schemes.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
