Sermsang Power Corporation Public Company Limited (SET:SSP) announces a share repurchase program. Under the program, the company will repurchase up to 90,000,000 shares, representing 6.55% of its issued share capital, for THB 810 million. The shares will be repurchased at a price of not more than 115% of the average closing price of 5 business days before the repurchase date.

The purpose of the program is to maximize liquidity, enhance rate of return on equity and earning per share. The program is valid till May 16, 2024. As of March 13, 2023, the company had 1,248,932,772 ordinary shares in issue.