7-Eleven Malaysia Holdings Berhad (KLSE:SEM) commences share repurchases on October 7, 2022, under the program mandated by the shareholders in the Annual General Meeting held on May 26, 2022. As per the mandate, the company is authorized to repurchase its own shares, such that the company's holding in does not exceed 10% of its issued share capital. The maximum fund to be allocated by the company for the purpose of purchasing its ordinary shares shall not exceed the total retained profits of the company.

The program will be funded from internally generated funds and/or bank borrowings. The shares repurchased will be cancelled or retained as shares. 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 varied or revoked in a General Meeting.