CP ALL Public Company Limited announces an Equity Buyback for 180,000,000 shares, representing 2% for THB 13,000 million.
March 16, 2020 at 07:05 am EDT
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CP ALL Public Company Limited (SET:CPALL) announces a share repurchase program. Under the program, the company will repurchase up to 180,000,000 shares, representing 2% of its issued share capital for THB 13,000 million. The repurchase price must not exceed 115% of the average closing price of 5 business days prior to each repurchase date. The purpose of the program is to manage and maximize the efficiency of company's excess liquidity. The program will be valid till September 30, 2020. As of March 11, 2020, the company had 8,983,101,348 shares in issue.
CP All Public Company Limited is a Thailand-based company, which is engaged in operating convenience stores, wholesale business, retail business and mall, payment centers and related supporting services. It operates convenience stores under the 7-Eleven trademark and franchises to other retailers in the territory of Thailand. Its other businesses comprise bill payment services, banking agents, manufacturing and sale of ready-to-eat food, distribution and maintenance of retail equipment and other businesses that mainly support the convenience stores business. Its business includes convenience store retail business group, wholesale and retail business group of consumer goods, financial services, production and distribution of bakery, ready-to-eat food frozen food, educational services, information services, marketing communication services and logistics management services. Its subsidiaries include Thai Smart Card Co., Ltd., Suksapiwat Co., Ltd., All Corporation Co., Ltd. and others.
CP ALL 
