This brings Temasek’s total stake to just over 37.2 million shares, or 12.03%, up from 11.91% earlier.
Separately, AEM bought back 26,900 shares on April 11, paying $4.7 each. This brings the total number of shares bought back under the current mandate to around 1.77 million.
Temasek became AEM’s largest shareholder following a placement announced last August where it paid $3.8477 each for 26.8 million new shares for a 9.5% stake.
It has since increased its stake gradually with open market buying like that on April 7.
See also: OUE Limited’s Stephen Riady increases stake in company on several occasions
Prior to this, on March 9, Temasek paid around $5.65 million for around 1.42 million shares, or around $4 each.
AEM shares closed at $4.73, down 1.25% for the day, and down 9.73% year to date.
