Kenanga Investment Bank Berhad (KLSE:KENANGA) commences share repurchases on August 16, 2021, under the program mandated by the shareholders in the Annual General Meeting held on June 10, 2021. As per the mandate, the company is authorized to repurchase its own shares, not exceeding 10% of its issued share capital. The program will be funded from the company's retained profits. The shares repurchased will be cancelled or retained as treasury shares or retain a part of shares and cancel the remaining shares or distribute the treasury shares as share dividends to shareholders or resell the treasury shares or any of the said shares in accordance with Bursa Malaysia Securities Berhad’s Main Market Listing Requirements or transfer the treasury shares, or any of the said shares for the purposes of or under an employees’ share scheme or transfer the treasury shares, or any of the said shares as purchase consideration or cancel the treasury shares or any of the said shares or sell, transfer or otherwise use the treasury shares for such other purposes as the Minister may by order prescribe. 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.