Successmore Being Public Company Limited (SET:SCM) announces a share repurchase program. Under the program, the company will repurchase up to 80,000,000 shares, representing 9.49% of its issued share capital, for THB 150 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 ensure the Company?s excess liquidity management and to enhance the rate of return on equity (ROE) and earning per share (EPS) and increase book value per share (BV). The repurchases will be funded from cash flow from operations and financial assets. The program will run through March 15, 2024.

As of March 9, 2023, the company had 759,545,458 shares in outstanding.