Ingenuity Property Investments announced on Monday that it has entered into an agreement in relation to the purchase of its shares by a subsidiary company during a prohibited period.

The prohibited period will commence on 1 September 2010 and is anticipated to end on 29 October 2010.

The maximum number of shares to be repurchased during the prohibited period share repurchase programme will be 20 million Ingenuity shares.

The mandate in the agreement is for an irrevocable, non-discretionary programme to purchase the company's shares, it said.

Source: I-Net Bridge