BANPU Prepares ฿5bn for Share Repurchase, Offering Dividend at ฿0.35/Share, XD 11 Sep.

Banpu Public Company Limited (BANPU) has announced that the Board of Directors resolved to approve the share repurchase program for financial management purposes in the maximum amount not exceeding 5,000 million baht and the number of shares to be repurchased is not exceeding 7.5% of the total issued shares. The repurchase period covers the duration of 6 months, starting from September 13, 2019 to March 10, 2020.

The reasons for the proposed share repurchase were as follows;

1) To maximize the efficiency of the Company’s management of excess liquidity.

2) To enhance the ratios of the shareholders’ returns such as increasing in Earning Per Share (EPS).

3) Confidence in the future prospects of its business operations.

 

In addition, the Board and Directors has also resolved to approve an interim dividend at ฿0.35/share to its shareholders. The ex-dividend date will be September 11, 2019, and the payment date will be on September 27, 2019.