True Corporation Public Company Limited announces an Equity Buyback for 500,000,000 shares, representing 1.5% for THB 1,500 million.
March 27, 2020 at 10:03 am EDT
True Corporation Public Company Limited (SET:TRUE) announces a share repurchase program. Under the program, the company will repurchase up to 500,000,000 shares, representing 1.5% of its issued share capital, for total worth of THB 1,500 million. The repurchase price must not exceed 115% of the average closing share price of 5 business days prior to each repurchase date. The purpose of share repurchases is to manage the efficiency of the Company’s excess liquidity. The program is valid till March 27, 2020. As of March 16, 2020, the company had 33,368,195,301 shares are issued and outstanding.