HeveaBoard Berhad (KLSE:HEVEA) commences share repurchases on October 5, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 30, 2021. As per the mandate, the company is authorized to repurchase its own shares, such that the company’s holding in treasury does not exceed 10% of its issued share capital. The shares purchased may be cancelled, or may be retained as treasury shares in accordance with the relevant rules of Bursa Securities for distribution as dividend to the shareholders and/or resell through Bursa Securities and/or subsequently cancelled; and/or part of the shares may be retained as treasury shares with the remaining being cancelled. The program will be funded through internally generated funds and/or borrowings and/or borrowings at the time of the purchase and the total consideration shall not exceed the aggregate of the retained profits and the share premium reserve of the company. 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 carried out to the full extent, unless varied or revoked in a General Meeting.