Rajthanee Hospital Public Company Limited announces an Equity Buyback for 5,750,000 shares, representing 1.92% for THB 150 million.
October 11, 2021 at 07:32 am EDT
Rajthanee Hospital Public Company Limited (SET:RJH) announces a share repurchase program. Under the program, the company will repurchase up to 5,750,000 shares, representing 1.92% of its issued share capital for THB 150 million. The repurchase price must not exceed 115% of the average closing share price of 5 trading days prior to each repurchase date. The purpose of the program is to increase the return on equity and earnings per share and allow the future share price to reflect the true value of the company. The repurchased shares will be resold. The program is valid till April 30, 2022. As of September 27, 2021, the company had 300,000,000 shares issued.