AMR Asia Public Company Limited (SET:AMR) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 1.67% of its issued share capital, for THB 50 million. The repurchase price must not exceed 115% of the average closing share price of five business days prior to each repurchase date.

The purpose of the program is to use financial liquidity effectively, to enhance the confidence in company's strong financial status and its potential in generating future return on investment and to increase return on equity. The company will use cash from operations arising from receiving payments from trade accounts receivable to fund its repurchases. The program will run through March 17, 2023.

As of March 15, 2022, the company had 600,000,000 shares in outstanding.