WP Energy Public Company Limited (SET:WP) announces a share repurchase program. Under the program, the company will repurchase up to 15,555,000 shares, representing 3% of its issued share capital, for total worth of THB 60 million. The purpose of the share repurchases is to maximize benefit from the company?s excess liquidity and to enhance the return on equity and company?s earnings per share.

The share repurchase program will result in the decrease of the company?s cash and shareholders? equity. The program is valid till April 8, 2024.

As of April 5, 2023, the company had 518,500,000 shares are issued and outstanding.