Kretam Holdings Berhad (KLSE:KRETAM) commences share repurchases on June 20, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 19, 2024. As per the mandate, the company is authorized to repurchase up to a maximum of 4% of its issued share capital. The shares repurchased will be held as treasury shares and subsequently resold or distributed to the shareholders as dividends or transferred or cancelled.

The maximum funds to be allocated by the company for the purpose of purchasing the shares shall not exceed the aggregate of financial resources and retained profits. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual general Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting.