Singapore Post (SGX:S08) transferred 1,167,432 shares worth SG$1.6 million, for the vesting of share awards granted under its 2013 restricted share plan, according to a filing with the Singapore Exchange on Tuesday.
Prior to the transfer, SingPost held 24,989,204 treasury shares, representing about 1.11% of its total number of ordinary outstanding shares.
Following the transfer, the company now holds 23,821,772 treasury shares, which represent about 1.058% of the total number of ordinary shares outstanding.
Shares of the company were down over 2% in recent trading.
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