TMBThanachart Bank Public Company Limited (SET: TTB) has disclosed through the Stock Exchange of Thailand that the company’s Board of Directors, at its meeting No. 12/2025 held on 16 December 2025, resolved to approve the second share repurchase program with a total budget not exceeding 8,900 million baht, at a preliminary repurchase price ranging from 1.90 to 2.00 baht per share.
The number of shares to be repurchased will range from approximately 4,450 to 4,684 million shares, representing 4.56 to 4.80 percent of the Bank’s total paid-up shares. The second share repurchase program will be conducted through the General Offer. Upon completion of the program, the Bank will hold a total of approximately 7,138 to 7,372 million shares, representing about 7.32 to 7.56 percent of the Bank’s total paid-up shares.
In this regard, the repurchase price under the General Offer will be determined with due consideration of prevailing market conditions on the Stock Exchange of Thailand during the period prior to the commencement of the share repurchase, with primary regard to the best interests of shareholders. The preliminary repurchase price will be in the range of 1.90 to 2.00 baht per share, and the Bank will announce the final repurchase price to shareholders by 5 January 2026 via the electronic disclosure system of the Stock Exchange of Thailand. In addition, the Bank has determined that the share repurchase period under the General Offer shall be ten (10) business days, from 22 January 2026 to 4 February 2026.
The share repurchase conducted through the General Offer can be completed in a shorter timeframe compared to the Automatic Order Matching (AOM) method. Upon the completion of the share repurchase, shareholders are expected to benefit from an increase in the Bank’s Return on Equity (ROE) and Earnings per Share (EPS).
The share repurchase project is part of the Bank’s capital management plan, with the objective of enhancing shareholder value through the optimization of balance sheet structure and size. The rationale for this project is the Bank’s robust capital level. In accordance with applicable laws and regulations, the Bank will be able to implement the program within a more efficient timeframe. Upon completion of the share repurchase, shareholders are expected to benefit from increases in Return on Equity (ROE) and Earnings per Share (EPS) resulting from the reduction in outstanding shares on the Stock Exchange of Thailand.
In addition, the Bank has considered that the aforementioned share repurchase will not adversely affect the Bank’s liquidity position or operational risk. Meanwhile, the Capital Adequacy Ratio after the second share repurchase program in 2026 is expected to remain above 19 percent, in line with the peer Domestic Systemically Important Banks (D-SIBs) and well above the Bank of Thailand’s minimum requirement of 12.00 percent. This level is sufficient to support the Bank’s loan growth under its business plan.
Previously on 28 January 2025, TTB’s Board of Directors approved the Share Repurchase Project for financial management purposes with a total budget not exceeding 21,000 million baht over a three-year period from 2025 to 2027. Under this program, the bank has conducted the first share repurchase in 2025 with a total budget not exceeding 7,000 million baht, with the number of shares to be repurchased not exceeding 3,500 million shares, representing 3.59 percent of the Bank’s total paid-up shares.
The repurchase was conducted through the AOM of the Stock Exchange of Thailand during the period from 3 February 2025 to 1 August 2025. In this regard, the Bank has completed the first share repurchased of a total of 2,688 million shares, representing 2.76 percent of the Bank’s total paid-up shares, with an aggregate value of 5,103 million baht.
Automatic Order Matching trading performs the order matching process according to price-then-time priority based on algorithms and without human intervention.
General Offer is an offer from a listed company to repurchase shares from stakeholders at a fixed price (usually higher than the market price) to decrease the amount of shares in the market.
