Premier Marketing Public Company Limited (SET:PM) announces an Equity Buyback for 59,824,530 shares, representing 10% for THB 300 million.
May 07, 2020 at 07:23 am IST
Premier Marketing Public Company Limited (SET:PM) announces a share repurchase program. Under the program, the company will repurchase up to 59,824,530 shares, representing 10% of its issued share capital for the total worth of THB 300 million. The repurchase price will not exceed 115 percent of the average closing share price for past five business days prior to share repurchase date. The purpose of the repurchase program is to manage the company’s excess liquidity for maximizing benefit. The program will be valid till November 21, 2020. As of March 2, 2020, the company had 598,245,300 shares in issue.