Amcorp Properties Berhad (KLSE:AMPROP) commences share repurchases on September 12, 2017 under the program mandated by the shareholders in the Annual General Meeting held on August 30, 2017. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital. The repurchased shares will be held in treasury for distribution as dividend to the shareholders, or resold on Bursa Securities. The repurchases will be funded from internally generated funds and through external borrowings and shall not exceed the retained profits of the company. The purpose of the program is to enhance earnings per share for the company. The share repurchase program shall be valid until the earliest of the conclusion of the next Annual General Meeting of the company following the general meeting, at which such resolution was passed, at which time it will lapse, unless by an ordinary resolution passed at that meeting, the authority is renewed, either unconditionally or subject to conditions or the expiration of the period within which the next Annual General Meeting of the company after that date is required by law to be held or revoked or varied by ordinary resolution passed by the shareholders of the company in a General Meeting.