Sappe Public Company Limited (SET:SAPPE) announces a share repurchase program. Under the program, the company will repurchase up to 7,500,000 shares, representing 2.46% of its issued share capital for total worth of THB 150 million. The repurchased price shall not exceed 115% of the average closing price for the past 5 business days prior to share repurchase date. The purpose of the share repurchases is to build confidence on the company's strong financial position and future profitability regarding the current excess liquidity as well as to increase the return on equity and the earnings per share. The program is valid till December 30, 2020. As of April 10, 2020, the company had 304,378,080 shares issued and outstanding.