S i2i shareholders approve share buyback scheme

Singapore

MOBILE prepaid card seller S i2i has received shareholders' approval to begin a share buyback programme that the company says can help shareholders to dispose of odd lots.

Minority shareholders at an extraordinary general meeting on Tuesday voted for the buyback scheme, which S i2i chief executive Maneesh Tripathi told The Business Times will start as soon as possible.

S i2i has made arrangements through lead broker UOB Kay Hian to reimburse each selling shareholder with one transaction's worth of brokerage fees, Mr Tripathi said. The reimbursements will be paid to t…