BA Advances on 40 M. Shares Repurchase, ฿500 M. at Max

Bangkok Airways Public Company Limited (BA) has notified the shareholders through the Stock Exchange of Thailand (SET) that the boards and directors meeting has come to a solution on share repurchase program to maximize benefit from BA’s excess liquidity management and to increase the return on equity (ROE) and the earning per share (EPS).

The maximum amount of share repurchase will not exceed 500 million baht, and the number of share will not exceed 40 million shares or less than 10% of the total paid-up capital.

The principle used to determine the repurchase price taking into account the average market price during the last 30 days prior to the date on which BA discloses the information of share repurchase.

The repurchase price will not exceed the average closing price of 5 working days, prior to each repurchase date plus 15% of such average closing price. The average share price during the last 30 working days from July 9, 2018 to August 22, 2018 was ฿12.35/share.