Bangkok Expressway and Metro Public Company Limited (SET:BEM) announces a share repurchase program. Under the program, the company will repurchase up to 450,000,000 shares, representing 2.94% of its issued share capital, for THB 4,000 million. The share repurchase price will not exceed 115% of the average share closing price for five business days prior to the share repurchase date.

The purpose of the program is to ensure the Company?s excess liquidity management is conducted for the utmost benefit, to increase the return on equity (ROE) and the earnings per share (EPS), to prove that the Company is certain in its capability to generate future income and to assure the investors or shareholders of the Company of its capability to generate future income and profit of the Company, as well as prove the company?s strong financial position. The program is valid till September 4, 2024. As of March 9, 2023, the company had 15,285,000,000 shares outstanding.