Southern Concrete Pile Public Company Limited announces an Equity Buyback for 21,000,000 shares, representing 7% for THB 128.1 million.

Southern Concrete Pile Public Company Limited (SET:SCP) announces a share repurchase program. Under the program, the company will repurchase up to 21,000,000 shares, representing 7% of its issued share capital, for worth of THB 128.10 million. The purpose of the share repurchases will decrease the book value of the shareholder's equity and would lead to the increasing the Return on Equity and Earnings per share.

The share repurchases will be funded from cash equivalent and temporary investment. The program is valid till June 2, 2022.