T.K.S. Technologies Public Company Limited (SET:TKS) announces a share repurchase program. Under the program, the company will repurchase up to 30,000,000 shares, representing 5.9% of its issued share capital, for THB 300 million. The repurchase price will not exceed the average closing price of five days, prior to each repurchase date plus 15% of such average closing price.

The purpose of the program is to maximize benefit from the company?s excess liquidity management, to increase the chance of a return rate and to signal to investors on the strong financial position of the company. The program will run through August 28, 2024. As of March 14, 2023, the company had 508,448,439 shares in outstanding.