International Network System Public Company Limited announces an Equity Buyback for 11,000,000 shares, representing 5% for THB 38.5 million.

International Network System Public Company Limited (SET:ITNS) announces a share repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, representing 5% of its issued share capital, for THB 38.5 million. The repurchase price shall not exceed 115% of the average closing price of 5 consecutive business days prior to each repurchase date.

The purpose of the program is to increase return on equity (ROE), net profit margin (EPS), this will allow the future share price to reflect the true value of the company. The program is valid till October 12, 2023. As of March 9, 2023, the company had 220,000,000 shares issued.