Share Buy Back - Daily Share Buy-Back Notice::Share Buy Back - Daily Share Buy-Back Notice

Issuer & Securities

Issuer/ Manager
SOUTHERN ALLIANCE MINING LTD.
Securities
SOUTHERN ALLIANCE MINING LTD. - SGXE41674636 - QNS
Stapled Security
No

Announcement Details

Announcement Title
Share Buy Back - Daily Share Buy-Back Notice
Date &Time of Broadcast
29-Nov-2021 20:19:57
Status
New
Announcement Sub Title
Share Buy Back - Daily Share Buy-Back Notice
Announcement Reference
SG211129OTHRUQZZ
Submitted By (Co./ Ind. Name)
Dato' Sri Pek Kok Sam
Designation
Executive Director & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Share buy-back by way of market acquisition.

Southern Alliance Mining Ltd. (the "Company") was listed on the Catalist board of the Singapore Exchange Securities Trading Limited (the "Exchange") on 26 June 2020. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd (the "Sponsor").

This announcement has been reviewed by the Company's Sponsor. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The Sponsor has also not drawn on any specific technical expertise in its review of this announcement.

The contact person for the Sponsor is Mr Shervyn Essex, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Additional Details

Start date for mandate of daily share buy-back
26/11/2021

Section A

Maximum number of shares authorised for purchase
48,900,000
Purchase made by way of market acquisition
Yes
Singapore Exchange
Overseas Exchange
Date of Purchase29/11/2021
Total Number of shares purchased54,000
Number of shares cancelled0
Number of shares held as treasury shares54,000
Highest/ Lowest price per share
Highest Price per shareSGD 0.735
Lowest Price per shareSGD 0.72
Total Consideration (including stamp duties, clearing changes etc) paid or payable for the sharesSGD 39,345.52

Section B

Purchase made by way of off-market acquisition on equal access scheme
No

Section C

Cumulative No. of shares purchased to date^
Number
Percentage#
By way of Market Acquisition164,0000.034
By way off Market Acquisition on equal access scheme00
Total164,0000.034
#Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution
^From the date on which share buy-back mandate is obtained

Section D

Number of issued shares excluding treasury shares after purchase
488,836,000
Number of treasury shares held after purchase
164,000