Union Petrochemical Public Company Limited (SET:UKEM) announces a share repurchase program. Under the program, the company will repurchase up to 80,000,000 shares, representing 6.88% of its issued share capital, for THB 66 million. The repurchase price will not exceed 115% of average closing price of 5 consecutive business days prior to each repurchase date.

The purpose of the program is to maximize benefit from the company?s excess liquidity management, to increase the return on equity (ROE) and the earning per share (EPS). The repurchased shares will be resold. The repurchase program will be valid till June 5, 2024.

As of March 14, 2023, the company had 1,162,052,251 shares outstanding.