DXN Holdings Bhd. (KLSE:DXN) commences share repurchases on October 26, 2023, under the program mandated by the Annual General Meeting held on August 21, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital, such that the company?s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time.

The shares will be repurchased at a price not more than 15% above the weighted average market price for the Shares for the five market days immediately before the purchase. The program will be financed via internally generated funds and/or bank borrowings. The company may cancel all the shares so purchased, retain the shares so purchased in treasury or a combination of both.

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.