TRUE Jumps 3% amid Market Plummet after Announcing a Share Repurchase Program

The share price of True Corporation Public Company Limited (TRUE), as of 15:41 local time in Thailand, rose ฿0.10/share or 3.36% to trade at ฿3.08/share with a trading value of 438 million baht. The highest trading price in today’s session was ฿3.10/share and the lowest was ฿2.94/share.

 

The increase of TRUE’s share price in the opposite direction of SET Index which declined 13 points might be due to the announcement of a share repurchase program this morning. The maximum amount for the share repurchase will not exceed Baht1,500 million and the number of shares to be repurchased will not exceed 500 million shares or equal to approximately 1.5% of the total of paid-up capital.

The purchase will be complete through the main board ofthe Stock Exchange of Thailand (SET) from April 14, 2020 to October 13, 2020.