Com7 Public Company Limited (SET:COM7) announces a share repurchase program. Under the program, the company will repurchase up to 30,000,000 common shares, representing 1.25% of its issued share capital for THB 1,000 million. The shares will be repurchased at a price not exceeding 115% of the average closing price of five consecutive business days prior to each repurchase date.

The program is being conducted for financial management purposes like to manage the excess liquidity of the company, enhance the ratios like return on equity and the earning per share. The repurchased shares will be resold or written off. The program will expire on November 29, 2022.

As of March 14, 2022, the company had 1,200,000,000 issued and outstanding shares.