Prima Marine Public Company Limited (SET:PRM) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 2.96% of its issued share capital, for THB 120 million. The repurchase price will not exceed 115% of average closing price of 5 consecutive business days prior to each repurchase date.

The purpose of the program is o increase the return on equity (ROE) and the earning per share (EPS). The repurchase program will be valid till April 18, 2024. As of March 29, 2023, the company had 506,716,514 shares outstanding.