[6-K] VCI Global Ltd Current Report (Foreign Issuer)
VCI Global Limited (VCIG) reported that it has started buying back its own ordinary shares on the open market under a previously approved share repurchase program. The program, first announced on August 19, 2024, authorizes the Company to repurchase up to $10 million of its outstanding ordinary shares.
The latest update confirms that open-market repurchases have been executed in line with applicable U.S. securities regulations. The Company stated that it may continue to repurchase shares from time to time, depending on market conditions and its broader corporate considerations.
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Insights
VCI Global confirms execution of its $10M share repurchase plan.
VCI Global Limited has moved from authorization to actual open-market repurchases under its share repurchase program of up to
While the filing does not quantify how many shares have been bought, it notes that the Company may continue repurchases "from time to time" subject to market conditions and corporate considerations. The actual effect on share supply and per-share metrics will depend on the pace and total amount of future buybacks disclosed in later reports.