Description (Please provide a detailed description of the event in the box below)
Share Buy-Back by way of market acquisition
Additional Details
Start date for mandate of daily share buy-back
26/07/2019
Section A
Maximum number of shares authorised for purchase
81,973,408
Purchase made by way of market acquisition
Yes
Singapore Exchange
Overseas Exchange
Date of Purchase
05/02/2020
Total Number of shares purchased
243,200
Number of shares cancelled
0
Number of shares held as treasury shares
243,200
Price Paid per share
Price Paid per share
SGD 0.5
Total Consideration (including stamp duties, clearing changes etc) paid or payable for the shares
SGD 121,783
Section B
Purchase made by way of off-market acquisition on equal access scheme
No
Section C
Cumulative No. of shares purchased to date^
Number
Percentage#
By way of Market Acquisition
34,094,700
4.159
By way off Market Acquisition on equal access scheme
0
0
Total
34,094,700
4.159
#Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution
^From the date on which share buy-back mandate is obtained
Section D
Number of issued shares excluding treasury shares after purchase
785,639,382
Number of treasury shares held after purchase
78,448,600
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Disclaimer
Stamford Land Corporation Ltd. published this content on 05 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 February 2020 12:40:08 UTC
Stamford Land Corporation Ltd is a Singapore-based investment holding company. Its is an independent owner and operator of luxury hotels in Australia, and an established real estate developer and investor. The Company has five reportable segments. The Hotel owning and management segment which possesses the ownership and management of hotels. The Property development segment which is engaged in the development, construction, and trading in properties. The Property investment segment is focused on holding of properties for rental income and/or capital appreciation. The Trading segment manages interior decoration companies and a travel agency. The Others segment manages corporate services for the Company, treasury functions and investments in securities. The Company owns and operates multiple portfolios of luxury, high-end Stamford Hotels in cities and prime locations throughout Australia, including Sydney, Adelaide, Melbourne, and Brisbane.