TAWAU: Shareholders of AuMas Resources Berhad have approved a resolution authorising the company to repurchase up to 10 per cent of its issued and paid-up ordinary shares at an Extraordinary General Meeting (EGM) held at the Western Hall of LA Hotel here on Thursday.
In a filing to Bursa Malaysia, the Board of Directors said the resolution, as outlined in the EGM notice dated March 11, 2026, was fully approved via poll voting.
According to the official results, all 15 votes representing 324,837,955 shares were cast in favour of the resolution, with no votes against, resulting in a 100 per cent approval rate.
The voting outcome was independently verified by Arete Consulting Sdn Bhd. with the approval, AuMas now has the mandate to undertake share buybacks of up to a maximum of 10 per cent of its total issued shares at any time, subject to regulatory requirements and prevailing market conditions.
Share buyback exercises are generally viewed as a corporate strategy to enhance shareholder value and optimise capital structure.
