Energy Absolute Public Company Limited (SET:EA) announces a share repurchase program. Under the program, the company will repurchase up to 58,000,000 shares, representing 1.55% of its issued share capital, for THB 3,000 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 maximize the benefits of the company's excess liquidity and to enhance the rate of return on equity and earning per share. The program will run through February 17, 2024. As of March 13, 2023, the company had 3,730,000,000 shares in outstanding.