Yinson Holdings Berhad (KLSE:YINSON) commences share repurchases on July 14, 2022, under the program mandated by the shareholders in the Annual General Meeting held on July 14, 2022. 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 at any point of time. The maximum fund to be allocated by the company for the purpose of purchasing the shares shall not exceed the aggregate of the retained profits.

The repurchases will be funded through internally generated funds and/or bank borrowings. The repurchased shares will be cancelled or retained in treasury for distributing the shares as dividend to the shareholders or resold on Bursa Securities or retain part of the purchased shares as treasury shares and cancel the remainder. 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.