Transactions by GALLANT VENTURE LTD (GALV) in the last 6 months

The shareholders of Gallant Venture Ltd (SGX:5IG) authorized a share repurchase program at its Annual General Meeting on April 30, 2013. Under the program, the company will repurchase up to 10% of the issued ordinary share capital. The repurchases will be made on market repurchases or through off-market purchase effected otherwise than on the SGX-ST in accordance with any equal access scheme. In case of on market repurchases, the maximum price that will be paid by the ... company for repurchases will be 105% of the average closing price over the period of five market days in which transactions in the shares on the SGX-ST were recorded before the day on which such purchase is made. While in case of off-market repurchases, the maximum price that will be paid by the company for repurchases will be 120% of the average closing price over the period of five market days in which transactions in the shares on the SGX-ST were recorded immediately preceding the date of offer by the company. The repurchases will be pursuant to sections 76C and 76E of the Companies Act. The program shall expire at the earliest of the date on which the next Annual General Meeting of the company is held or is required to be held, the date on which the share buy-backs are carried out to the full extent mandated or the date on which the authority contained in the share buy back mandate is varied or revoked.
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