GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 143 10. Purchases Made in the preceding twelve (12) months The Company did not undertake any Share Buy-Back during the financial year ended 31 December 2017. During the financial year, the Company had completed the resale of treasury shares of 737,300 units with a price ranging from RM1.70 to RM1.73. The details of the resale of treasury shares in the preceding twelve (12) months were as follows: Transaction date Number of shares Unit price Consideration received* Lowest Highest Average (units) RM RM RM RM 4 October 2017 440,500 1.68 1.74 1.721 755,678.84 5 October 2017 296,800 1.69 1.74 1.723 506,386.71 * Including brokerage, clearing house fees and stamp duty. There is no cancellation of shares made in the preceding 12 months. 11. Proposed Intention of the Directors to Deal with the Shares so Purchased The Proposed Renewal of Share Buy-Back Mandate, if exercised, the shares shall be dealt with in the following manner:- • to cancel the shares so purchased; or • to retain the shares so purchased in treasury for distribution as dividend to the shareholders and/or resell on the market of the Bursa Securities or subsequently cancelled; or • retain part of the shares so purchased as treasury shares and cancel the remainder. 12. Historical Shares Prices The monthly highest and lowest market prices of GHL Shares traded on Bursa Securities for the preceding twelve (12) months are as follows: Highest Lowest RM RM 2017 April 1.87 1.03 May 1.59 1.36 June 1.55 1.35 July 1.62 1.48 August 1.80 1.53 September 1.75 1.59 October 1.74 1.41 November 1.68 1.44 December 1.52 1.28 2018 January 1.62 1.41 February 1.53 1.34 March 1.47 1.03 The last transacted market price as at 13 April 2018 (being the latest practical date prior to the printing of this Statement) was RM1.30. (Source: Bloomberg) STATEMENT TO SHAREHOLDERS In relation to the Proposed Renewal of Authority for the Company to Purchase its own Ordinary Shares CONT’D