Samudera Shipping Line secures shareholder approval for renewed share buyback mandate
SGX Filings
May 26
Samudera Shipping Line Ltd announced that shareholders unanimously approved the renewal of its share buyback mandate at an extraordinary general meeting held on Apr, 28 2026.
The ordinary resolution received 403,841,405 votes in favour (100.00% of votes cast) and 19,800 votes against.
Under the renewed mandate, the company may repurchase up to 10% of its issued shares. Buybacks can be executed on-market at prices up to 5% above the average closing price of the preceding five trading days, or off-market at up to 20% above the same benchmark.
The authority remains in force until the earlier of the next annual general meeting, the mandate’s full utilisation, or its revocation or variation by shareholders.
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