Share Buyback
Written for sgstocksbrief.com.
A company buying its own shares back from the market. The shares are then either cancelled or held in treasury, so fewer remain in issue and each one represents a slightly larger claim on the same company. An SGX-listed issuer needs a mandate from shareholders before it can buy back, and must report its purchases to the market daily, which is why buyback announcements appear so frequently on the calendars.
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